Units A, B & C, Stratford Road, Wolverton, Milton Keynes, Buckinghamshire, MK12

For Sale - Trade Counter/ Motor Trade Investment

Description

The property comprises three ground floor trade counter/motor trade units with an extensive yard and car parking area totalling an approximate site area of 0.60 hectares (1.48 acres). The site benefits from 2 access points off Stratford Road, Wolverton serving the entire area. The site does not include the petrol filling station to the front and the restaurant that immediately abuts the site. The site is surrounded by residential and commercial property and is extremely prominent fronting on to Stratford Road. The site presents for a redevelopment opportunity subject to obtaining vacant possession from the three existing tenants. One of the tenants lease is outside The Act, with the other two leases expiring 2024 and 2027.

Investment Consideration:
Neighbourhood industrial investment with ongoing asset management opportunity.
Prominently situated along Stratford Road, Wolverton a short distance from the A5 link road that runs through Milton Keynes.
Total passing rent of £117,000.
The estate comprises of 3 industrial units totalling 10,500 sq ft - two of which benefit from yard areas.
The property is held freehold.
The total site area is 0.60 hectares 1.48 acres with a potential redevelopment opportunity STP.

Location

The property is prominently situated on the northern side of Stratford Road, opposite its junction with Christchurch Grove, some 0.5 miles west of the town centre. Stratford Road leads directly to the A5, the major trunk road providing access to the M1 and M6. Nearby occupiers include Murco Petrol Station, Premier Convenience Store, Railcare, MK Car Store and The Radcliffe School.