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16 Buckingham Rd 711 SF Retail Condo Unit Offered at $810,001 in Milton Keynes MK3 5HH
INVESTMENT HIGHLIGHTS
- Prominent corner position
- Easy access to the A5, junction 14 of the M1
- Excellent rail links into London and the north
EXECUTIVE SUMMARY
Bletchley is an established town located 3 miles south of Milton Keynes, providing easy access to the A5, junction 14 of the M1 and has excellent rail links into London and the north. Bletchley has attracted many large retailers including Asda and Ikea due to the extensive regeneration programme and the construction of the large sports/conference stadium, home of the MK Dons.
PROPERTY FACTS
| Total Building Size | 3,500 SF | Typical Floor Size | 1,750 SF |
| Property Type | Retail (Condo) | Year Built | 1930 |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.17 AC |
| Building Class | C | Parking Ratio | 5.14/1,000 SF |
| Floors | 2 |
| Total Building Size | 3,500 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,750 SF |
| Year Built | 1930 |
| Lot Size | 0.17 AC |
| Parking Ratio | 5.14/1,000 SF |
AMENITIES
- Corner Lot
- Signage
1 UNIT AVAILABLE
Unit 24
| Unit Size | 711 SF | Sale Type | Investment |
| Price | $810,001 | Tenure | Freehold |
| Price Per SF | $1,139.24 | Cap Rate | 3.33% |
| Condo Use | Retail | NOI | $27,000.03 |
| Unit Size | 711 SF |
| Price | $810,001 |
| Price Per SF | $1,139.24 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 3.33% |
| NOI | $27,000.03 |
DESCRIPTION
Mid terrace, roadside motor repair premises with a secure yard to the rear, located in a prominent corner position on Buckingham Road in Bletchley.
The building comprises a ground floor workshop with full height display windows to the front, first floor storage/ offices and a WC.
SALE NOTES
The premises are available as a Freehold Investment at a figure of £600,000 exclusive.
The property is let on a 5 year lease from 15th October 2023 at a rental of £20,000 per annum, with break and rent review at the end of Year 3.
NEARBY MAJOR RETAILERS
Presented by
16 Buckingham Rd
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