The property is located to the south east of Milton Keynes town centre on the Kingston Industrial Estate, a prime industrial and distribution area, situated between Junctions 13 and 14 of the M1.
Constructed in the late 1990s, the estate has two units sharing a common secure service yard. Each unit has two storey offices to the front. Unit 1 has one standard loading door and two dock levellers. Unit 2 has two standard loading doors covered by an external canopy. The eaves heights are 7.8m (Unit 1) and 7.0m (Unit 2). There are 42 parking spaces for Unit 1 and 29 for Unit 2.
The total area is 50,842 sq ft. The site area is 2.4 acres, giving a site coverage ratio of 49%.
The tenure is virtual freehold.
Structure
The property is part of the Scarlet Portfolio. See ‘Scarlet Portfolio’ section for further details.
Asset Management/Value-Add
Successful dilapidations negotiation with outgoing tenant of Unit 1.
Refurbishment of Unit 1 to create an improved unit.
Successful re-letting of Unit 1 in 2012 on 10 year term at £5.50psf.
