Unit 7, Delaware Drive, Tongwell, Milton Keynes, MK15 8HD

A prime single let industrial investment in the sought after South East of England with strong potential of rental uplift on lease expiry.

Milton Keynes is based in a strategic location lying immediately to the west of the M1, 30 miles to the north of the M25 (Junction 21) and 46 miles north of London city centre.

Unit 7 Delaware Drive is let to Supreme Wheels Direct Ltd on the following terms

A tenure full repairing and insuring lease from 12 Mar 2020 expiring 11 Mar 2030
Passing rent of £360,978 per annum (£8.30 per sq ft)
Tenant only break on 12 Mar 2025 with 6 months prior written notice (not exercised)
Fixed rent review on 12th March 2025, increasing rent to £371,804 pa (£8.55 psf)
The lease is subject to a photographic schedule of condition
The lease is contracted inside the 1954 Landlord and Tenant Act (part II) as amended

Prime single let industrial investment within the Milton Keynes Industrial Hub. Looking for offers in excess of £4.75m.

Reflecting a NIY of 7.13% and a reversionary yield of 8.16%.
( Agency Pilot Software ref: 103687 )