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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.

Attachments

Brochure

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
  • Listing ID: 33081076

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: 127 High St, Newport Pagnell MK16 8HD

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