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170-194 Queensway, Bletchley, Milton Keynes, Buckinghamshire, MK2
Mixed Use Investment for Sale
Description
- A multi let mixed use retail and residential investment, located in the centre of Bletchley, a
- The asset provides 13 ground floor retail units and 12 flats
- Mix of commercial and residential leases
- Historical and well-established suburb of Milton Keynes
-
Asset management opportunities to add value, through lease renewals, capturing rental growth
and the medium-term redevelopment potential of unit 180 Queensway.
Location
- Prominently situated on the main retail throughfare of Bletchley
- In close proximity to Bletchley train station and leisure centre
- Bletchley is subject to a recent award for the Government Town Fund, designed to drive economic regeneration in urban areas
- Scheme Formed of Two Parts
- Busy Mixed Use Location
More Information
Accommodation
| Description | Sq Ft | Sq M |
|---|---|---|
| Total Size | 27788 | 2581.51 |
| Total | 27,788 | 2,581.51 |
Terms
This is an off-market opportunity, and we are instructed to seek offers in excess of £3,500,000 (subject to contract) for the freehold interests, which shows a blended net initial yield (NIY) on the current gross income of 7.97%, assuming purchaser's costs of 6.50%, and a gross initial yield (GIY) of 8.49%.
AMLR : Interested parties will be required to provide the appropriate information to satisfy the current AML regulations at the stage of Heads of Terms are agreed.
Data Room: Access will be provided upon request.
Legal Costs: Each party is to bear their own legal costs
EPC
Available on request