Blu, Milton Keynes

Blu, Milton Keynes

Buccleuch Property
Net yield

New 31,568 sq ft warehouse. The property is let to Funrise International Limited on a new full repairing and insuring lease from 1 May 2019 for a term of 10 years. There is a six month rent deposit of £133,875 plus VAT. There is also a parent company guarantee from Matrix Holdings Limited.

The lease is within the security of tenure provisions of the Landlord and Tenant Act 1954. There is a stepped rent for the first five years of the term as follows:

  • Year 1 - £142,375 pa
  • Year 2 - £170,000 pa
  • Year 3 - £191,250 pa
  • Year 4 - £212,500 pa
  • Year 5 - £267,750 pa

The vendor will top the rent up to £267,750 per annum from completion. The rent will be reviewed 5 yearly subject to RPI linked uplifts with a collar and cap at 2% and 4% per annum.

The minimum rent following rent review will therefore be £295,617 per annum.

Get in touch with our team


Lucy Young

Partner, Capital Markets

Lucy professionally navigates the funding and investment market with an impressive work ethic.

Read more

Saul Western

Partner, Head of Commercial

Providing thorough and professional investment advice across the golden triangle and beyond.

Read more

Related services:


Capital Markets

Your proactive partner – guiding each strategic move

Search Bidwells