Southgate House, 449-499 Midsummer Boulevard, Milton Keynes
Sale of freehold office investment let to Government department
Price
£9.5m
Client
Nationwide Pension Fund Trustee Ltd c/o LaSalle Investment Management
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The property is entirely let to The Secretary of State for Levelling Up, Housing and Communities for a term expiring 31/03/2028, therefore providing 5.89 years to lease expiry.
Office accommodation totalling approx. 41,646 sq ft (3,869.1 sq m) arranged over 4 floors with 18 car parking spaces. The passing rent is £655,000 per annum (£15.72 per sq ft overall).
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