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1 Diamond Court Opal Drive, Fox Milne, Milton Keynes, MK15 0DU
Investment For Sale - Modern Self Contained Offices
Description
- Investment sale of modern self-contained offices arranged over two floors.
- The internal specification and fit-out includes, suspended ceilings and recessed LED lighting, ladies, gents and disabled WCs, staff kitchen, raised floors and 15 allocated car parking spaces.
Location
- The property is situated within East Lake Park, a modern landscaped business park positioned on the eastern side of Milton Keynes and approximately 0.5 miles from Junction 14 of the M1 motorway.
- Central Milton Keynes and the mainline train station is located approximately 3 miles to the west.
- Kingston local centre is within a short drive.
More Information
Accommodation
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor | 2175 | 202.06 |
| First Floor | 2191 | 203.54 |
| Total | 4,366 | 405.60 |
Terms
The premises are held on a 999-year lease from March 2007 at a peppercorn rent.
The property is let to Entserv UK Ltd, on an FRI lease (subject to a schedule of condition) at a rent of £68,000 pax, expiring 31st Dec 2031, plus the tenant has an option to request a new 6 year lease from expiry of the existing lease. There is a rent review at the end of the 3rd year, with a rent-free period expiring in June 2026. The lease is contracted outside the security of tenure provisions of the L&T 1954 Act.
Entserv UK Ltd had a Turnover of £792,942,000 with pre-tax profits of £126,332,000 for year ending 31/03/2025. The ultimate parent company is DXC Technology Company. According to Creditsafe, Entserv UK has a credit limit of £100,000,000, a contract limit of £198,000,000 with a risk score of 97 ('very low risk').
Guide Price £925,000 + VAT. This represents an approximate Net Initial Yield (NIY) of 7.00%.
EPC
C-60
Business Rates
The rateable value from the 1st April 2026 is £74,000. For the rates payable please contact us or www.voa.gov.uk