The property comprises a modern warehouse premises of steel portal frame construction which has most recently been operated as a distribution facility. The unit consists of four bays, with integral two storey office accommodation to the front.
Warehouse - The unit has metal profile clad elevations and roof, with translucent roof lights and concrete floor throughout. The property is currently fully racked providing storage for approximately 4,000 pallets. Lighting is provided by predominantly sodium lamps.
Clear internal height for the main warehouse accommodation is 6m, rising to 11.5m within the high-bay warehouse to the rear.
Office - The office accommodation is of good specification, with carpeted floors, plastered and painted walls and suspended ceilings. Staff welfare facilities and male & female toilets are provided to the ground floor along with an open plan office and ancillary warehouse accommodation. The first floor comprises mainly open plan office rooms and meeting space. The offices are temperature controlled via air conditioning units with Cat 2 lighting.
Externals - Externally the property has a car park to the front and loading / storage yard to the side running the full length of the building. Palisade fencing surrounds the site with a security gate to the main entrance.
Location
Milton Keynes is strategically located between London (51 miles) and Birmingham (72 miles) along the M1 corridor, providing excellent access to the regional and national road network. The M25 motorway is also approximately 30 miles away, providing easy access to the whole of the southeast and London.
Milton Keynes is situated within the UK logistics ‘Golden Triangle’, where 90% of the British population can be reached within a 4-hour drive.
The city is also situated at the heart of the Oxford-Cambridge arc, a globally significant economic region, which is recognised as one of the fastest growing economies within England.
The property is prominently located on Bramley Road within an established logistics and industrial area of Milton Keynes. The A5 trunk road is within 1.5 miles and both Junctions 13 and 14 of the M1 Motorway are easily accessible, being under 7.5 miles distant.
Bramley Road is accessed directly off the B4934 (Saxon Way), with the property setback within a secure and self contained site.
Nearby occupiers include Royal Mail, Rhenus Logistics, Charles Tyrwhitt and Menzies as well as a number of manufacturing occupiers. The area has experienced significant investment in recent years, including Stadium
MK and the MK1 Shopping and Leisure Park.
Accommodation
Warehouse - 38,029 sq ft
High-Bay Warehouse - 11,004 sq ft
Mezzanine - 3,787 sq ft
Office/Ancillary - 5,929 sq ft
TOTAL (including mezzanine) - 58,749 sq ft
The total site area is 2.8 acres (1.13 hectares),representing a site cover of approximately 44%.
Terms
Title - Freehold
Guide Price - OFFERS OF £5.5 MILLION INVITED FOR THE FREEHOLD INTEREST
Planning - We assume the property has planning consent for its current use.
The property is located in an area designated as ‘Employment Land’ within the Milton Keynes’ adopted Local Plan.
Business Rates - Rateable Value: £207,000; Rates Payable (23/24): £105,984
Interested parties are to rely on their own enquiries with the local authority.
EPC - C (60)
VAT - VAT will be payable in addition to the purchase price.
Services - We understand that all mains services are connected, but none have been tested. It is understood gas is provided to the site but is currently capped off.
Interested parties are to rely on their own enquiries.
Costs - Each party is to be responsible for their own professional costs incurred as part of the transaction.
Racking - The racking may also be available for purchase by way of separate negotiations.
Specification
- VACANT FREEHOLD INDUSTRIAL / WAREHOUSE UNIT
- 54,962 SQ.FT. (5,106.2 SQ.M) PLUS MEZZANINE OF 3,787 SQ.FT. (351.8 SQ.M)
- TOTAL SITE AREA OF 2.8 ACRES (1.13 HECTARES)
- STRATEGIC INDUSTRIAL / LOGISTICS LOCATION WITHIN THE ‘GOLDEN TRIANGLE’
- RARE FREEHOLD OPPORTUNITY
- EXCELLENT CONNECTIVITY TO ARTERIAL A5 TRUNK ROAD AND M1 MOTORWAY
- SECURE SELF-CONTAINED SITE
- OFFERS OF £5.5MILLION INVITED