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Milton Keynes - Stantonbury

Oakridge Park,
15,084 sq ft (1,401 sq m)

Retail Investment Opportunity

  • 59.8% of total rental income secured from Asda for 20 years
  • Asda will be the closest medium size food store serving circa 60,000 people in the North East quadrant of Milton Keynes
  • 15,084 sq ft Asda let on new 20 year lease, retail parade let on minimum 10 year terms (see tenancy schedule)
  • Car parking – 157 spaces to be provided in addition to the 45 spaces already being used by the Health Centre
  • Excellent retail parade – let to national covenants
  • Adjoining established Health Centre with in excess of 12,000 patients
  • Extremely prominent location, with main road frontage
  • Practical completion of whole development – August 2016
  • Offers sought in excess of £8,700,000 which represents a blended net initial yield of 5.44% assuming purchasers costs of 6.68%
  • Consideration may be given to offers for the Asda and the retail parade in separate lots
sold

For further details please contact us:

01604 604020

Mark Brown or Chris Drummond

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