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Newlands Retail Scheme, Campbell Park, Milton Keynes, Buckinghamshire, MK9
Rare Freehold Investment opportunity in Milton Keynes
Description
A retail commercial property investment that comprises ground and lower ground floor commercial units within two blocks situated at the centre of this well-regarded residential development overlooking marina berths in Milton Keynes, providing ground floor retail and leisure space.
There are 6 commercial units within Block 1 totalling 9,008 sq. ft and a further single unit in Block 2 totalling 2,620 sq. ft.
Location
A prominent Central Milton Keynes location fronting H6 Childs Way between the City Centre retail and Central Business area and the M1 J14. Located on the Campbell Wharf development built by Crest Nicholson. The development is within a short drive from Central Milton Keynes. There are currently 368 homes on site comprising apartments and houses with a further 54 homes to be built bringing the total homes on site to 422. Milton Keynes is strategically positioned in relation to three major cities in the United Kingdom:
London: Approx 50 miles (80 kilometres) to the southeast.
Oxford: Approx 45 miles (72 kilometres) to the southwest.
Birmingham: Approx 75 miles (120 kilometres) to the northwest.
Milton Keynes' central location and excellent transportation links make it an attractive hub for commuting and business.
More Information
Accommodation
INVESTMENT SUMMARY
Commercial rental income of £203,961 p.a.x. Ground rent for the residential units in Block 1 & 2 total £8,400 per annum.
Unit 2 (Trek) the largest unit within the scheme considered the "anchor tenant" with a turnover of £163 million in 2022
and pretax profits of almost £9.5 million.
Block 2 Unit 1. Crest Nicholson had a revenue in FY24 of £618m
Asset management opportunities to add value, through lease renewals, capturing rental growth and potential of all
Block 1 and Block 2, Campbell Wharf.
WAULT 6.1 years to break