Ground floor retail unit let until 2022 (subject to option)
Located three miles north-east of Milton Keynes
Forms part of modern mixed use development
Adjacent to Coral betting office
Lot 60
Auction 14th February 2018
Rent £12,700 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
3 miles north-east of Milton Keynes
Roads
A509, A4146, M1 (Junction 14)
Rail
Milton Keynes Rail
Air
London Luton Airport
Situation
Broughton is located 3 miles to the north-east of Milton Keynes town centre, around 1 mile from the M1 Motorway (Junction 14). The property forms part of a large mixed use development including residential and commercial. Nearby occupiers include a Co-operative convenience store and Coral.
Tenure
Long Leasehold. Held from Nationspaces Developments Limited for a term of 125 years from 01/04/2006 until 31/03/2131 at a rent of £200 p.a.x, doubling every 25 years.
Location
Miles
3 miles north-east of Milton Keynes
Roads
A509, A4146, M1 (Junction 14)
Rail
Milton Keynes Rail
Air
London Luton Airport
Situation
Broughton is located 3 miles to the north-east of Milton Keynes town centre, around 1 mile from the M1 Motorway (Junction 14). The property forms part of a large mixed use development including residential and commercial. Nearby occupiers include a Co-operative convenience store and Coral.
Tenure
Long Leasehold. Held from Nationspaces Developments Limited for a term of 125 years from 01/04/2006 until 31/03/2131 at a rent of £200 p.a.x, doubling every 25 years.
Description
The property comprises a ground floor retail forming part of a larger modern mixed use development, which does not form part of the sale.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail forming part of a larger modern mixed use development, which does not form part of the sale.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Retail
58.80 sq m
(633 sq ft)
INDIVIDUAL
6 years from 15/11/2016 until 14/03/2022 (1)
£12,700
15/11/2019
Total
58.80 sq m
(633 sq ft)
£12,700
(1) The lease provides an option to determine on 15/11/2019.
