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Prime Freehold Industrial Investment Opportunity, Massmould Ltd, Bradbourne Drive, Tillbrook, Milton Keynes, MK7 8AT
52,532 Sq Ft / Industrial
Withdrawn - Last updated: 15 December 2020
- High quality industrial manufacturing facility in an established core south east location.
- Excellent motorway network connections.
- Single unit measuring approximately 52,532 sq ft (4,880.35 sq m) GIA.
- Site area of approximately 2.85 acres providing a site density of 40%.
- Freehold.
- Over 16 years unexpired term (over 11 years to break).
- Low passing rent of £280,000 per annum, equating to £5.33 per sq ft with excellent rental growth prospects.
- We are instructed to seek offers in excess of £3,530,000 (Three Million, Five Hundred and Thirty Thousand Pounds) subject to contract and exclusive of VAT. At this level the price would reflect a net initial yield of 7.5% assuming purchasers costs of 5.8%.
- A purchase at this level would reflect a low capital rate of £67.20 psf.
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