Property > Commercial > Property Sold in Milton Keynes
Golden Triangle location in established commercial area of Wolverton Mill, Milton Keynes
Excellent access to the road network for both A5 and M1
Newly constructed 31,568 sq ft single let warehouse - BREEAM Excellent and EPC ‘A’ rating
New 10 year lease to Funrise International Limited, with parent company guarantee from Matrix Holdings Limited
Parent company turnover $1.4bn HKD
Income of £267,750 per annum
Subject to 5 yearly RPI linked reviews with a cap and collar of 2% and 4%
Offers are sought in excess of £4,375,000 for the freehold interest, subject to contract and exclusive of VAT, reflecting a net initial yield of 5.75% assuming purchaser’s costs of 6.56%. This reflects a capital value of £138.60 per sq ft
Minimum reversionary yield of 6.34% at rent review in year 5 and an equivalent yield of 6.19%.
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