Commercial property
BLU, 1 Featherstone Road, Wolverton Mill, Milton Keynes

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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