Multi Storey Station Car Park Elder Gate Milton Keynes MK9 1LA

Multi Storey Station Car Park
Elder Gate
Milton Keynes
MK9 1LA

Freehold Ground Rent Investment

Highly Reversionary Ground Rent Investment
Site Adjacent to Milton Keynes Central Railway Station
Currently a Multi Storey Car Park of 558 Spaces
Originally let to British Railways Board, tenant now Network Rail Infrastructure Limited for approx 66 years at a Peppercorn
VAT-Free Investment

Lot
1
Auction
17th February 2022
Status
Sold
Price
£430,000
Auction Venue
Live Streamed Auction

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Freehold Ground Rent Investment

Highly Reversionary Ground Rent Investment
Site Adjacent to Milton Keynes Central Railway Station
Currently a Multi Storey Car Park of 558 Spaces
Originally let to British Railways Board, tenant now Network Rail Infrastructure Limited for approx 66 years at a Peppercorn
VAT-Free Investment

Lot 1
Auction 17th February 2022
Status Sold
Price £430,000
Sector
Ground Rent
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 55 miles north-west of Central London, 73 miles south-east of Birmingham
Roads: A5, A421, M1 (Junctions 13 & 14)
Rail: Milton Keynes Central Railway Station
Air: London Luton Airport

Situation

Milton Keynes is a successful New Town with a current population of approximately 280,000. The town is located between London, 55 miles to the south-east and Birmingham, 73 miles to the north-west. The town benefits from excellent communications, lying adjacent to Junctions 13 and 14 of the M1 motorway with the A5 trunk road running through the city. Mainline rail services from Milton Keynes Central to London (Euston) with the fastest journey time of 32 minutes, as well as to Birmingham New Street with the fastest journey time of 54 minutes. Luton International Airport is 28 miles to the south.
The property is situated in the Town Centre adjacent Milton Keynes Central Railway Station.

Tenure

Freehold.

Location

Miles: 55 miles north-west of Central London, 73 miles south-east of Birmingham
Roads: A5, A421, M1 (Junctions 13 & 14)
Rail: Milton Keynes Central Railway Station
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a multi-storey car park with approximately 558 spaces. The Site Area is approximately 0.25 hectares (0.61 acres)

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a multi-storey car park with approximately 558 spaces. The Site Area is approximately 0.25 hectares (0.61 acres)

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Use	Tenant	Term	Rent	Reversion
Multi Storey Car Park	Originally let to British Railways Board, tenant now Network Rail Infrastructure Limited (1)	99 years from 3/10/1989	Peppercorn	02/10/2088

(1) Managed and trades as Saba Parking - www.sabaparking.co.uk/car-park/milton-keynes-central-station-car-park

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.