127 High St
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127 High St
6,322 SF 100% Leased Office Building Newport Pagnell MK16 8HD $1,657,297 ($262/SF)
Investment Highlights
- Town Centre location
- Neighbouring public car park
- Good passing traffic
Executive Summary
Freehold investment/development with benefit of planning consent for 7 apartments. To include ground floor retail held on a full repairing and insuring 15 year lease to carpet retailer, expiring 30th June 2038, at a rent of £18,000 per annum, subject to break and rent review at years 5 & 10. Full repairing and insuring lease to Teeth In Line, lease has been recently extended to expire February 2039, with 3 year rent reviews, at a rental of £26,900 per annum. See Milton Keynes Council Planning Department website and Application No 23/02676 for more details.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,322 SF
Building Class
B
Year Built
1988
Price
$1,657,297
Price Per SF
$262
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,212 SF
Building FAR
0.73
Land Acres
0.20 AC
Amenities
- Energy Performance Rating - B
- Storage Space
- Central Heating
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Stimpsons Eves
127 High St
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