Express Interest in this Property

Aurora House, Office, Milton Keynes

Call for price

Basic Facts

Status: Type: Tenure: Freehold Area: 42890 sq ft
Gross Rent: £ 481,642 Years left on Lease: -0.7 VAT applicable: Yes

Property Description

  • Reversionary Multi Let Office Investment.
  • The property comprises a detached two storey office building constructed around a concrete and steel frame with a mixture of glazed, cladding and brick elevations with a flat roof in general.
  • We are informed that the property was constructed in the 1980’s and has been refurbished and modernised throughout at periodic intervals. We understand that the last major refurbishment was carried out in 2006 though the reception areas and canteen areas have recently been upgraded.
  • The property is arranged over ground and first floors providing 48,847 sq ft (4,537 sq m) GIA and a net lettable area of 42,890 sq ft (3,985 sq m). The property benefits from a site area of approximately 3.2 acres (1.294 hectares) incorporating just over 200 parking spaces providing a generous ratio of 1 space to 222 sq ft.
  • The rear of the property approached from a self contained entrance to the side of the property, originally used for manufacturing, has been converted to a church and benefits from an extended headroom.The property has access control throughout with CCTV and an 8 person passenger lift. There are three meeting rooms including one large boardroom for the exclusive use of the tenants.

Location Description

  • Milton Keynes in Buckinghamshire is an established commercial location, situated 54 miles North West of London, 76 miles South East of Birmingham, 45 miles North East of Oxford and 48 miles South East of Cambridge.
  • Rooksley is located north-west of Central Milton Keynes with access from V6 Grafton Street and H4 Dansteed Way within walking distance of Milton Keynes Central Railway Station just 1 mile away. Other local occupiers include Halfords, Next Home, Smyths Toys Superstore, Costa, ABB Ltd, Wed2B and Hitachi Power Tools (UK) Ltd.
  • The property occupies a prominent position fronting Deltic Avenue on the Rooksley Employment Area, within close proximity to the B&Q Retail Warehouse, Go Outdoors and Central Retail Park.
  • The resident population is over 200,000, but is projected to exceed 300,000 in the next fifteen years, making it one of the fastest growing towns in the UK.

Additional Information

  • We believe that a further 12,000 sq ft approx. of offices can be created by converting the current “church” at the rear of the property into two floors of office accommodation subject to the necessary consents.
  • The building sits on a large site of 3.2 acres—we believe that part of the site could be further developed to either offices or industrial/trade units. Grade A office rents in Milton Keynes are currently at £22.50 per sq ft. The office market along the M1 corridor has been particularly strong over the past year with the diminishing supply of offices due to permitted development and increased demand from tenants. Recent occupational transactions on refurbished space include the second and third floors of Fortuna House at 651 South Fifth Street at £16 per sq ft , 249 Silbury Blvd comprising 8,057 sq ft at £18.23 and £15 on Witan Court, Witan Gate.

View on map / Neighborhood

Still can’t find what you’re looking for?

Current Opportunities

In Auction
£ 2,350,000

Development Site with Planning, Leicester

510 Melton Road, Leicester, Leicestershire, LE4 7SP
Current Opportunity
£ 1,000,000

Vacant Restaurant & 3 Flats with Development Potential, Newington

53-57 High Street, Newington, Kent, ME9 7JJ
£ 50,000

Vacant (To Let) Retail Unit, Doncaster

Formerly The Factory Shop, Scrooby Road, Harworth, Doncaster, Nottinghamshire, DN11 8JW
Current Opportunity
£ 240,000

Day Lewis Pharmacy & Flat, Harwich

151 High Street, Dovercourt, Harwich, Essex, CO12 3AX
Current Opportunity
£ 200,000

M & Co, Bridlington

12/13 Prince Street, Bridlington, North Humberside, YO15 2NW
Current Opportunity
£ 360,000

Coral, West Ealing, Greater London

217 Uxbridge Road, West Ealing, London, W13 9AA
Current Opportunity
£ 450,000

Specsavers, March

3-5 Broad Street, March, Cambridgeshire, PE15 8TP

Bodycare, West Bromwich

195-197 High Street , West Bromwich , West Midlands B70 7QZ
Current Opportunity
Call for price

Vacant Former Betting Office, Buxton

First Floor, 97 – 103 Spring Gardens, Buxton, SK17 6BP
Current Opportunity
£ 525,000

Domino’s, Palmers Green

324 Green Lanes, Palmers Green, London N13 5TW

My Dentist, Wandsworth, Greater London

203 Wandsworth High Street,London, SW18 4JE
Current Opportunity
£ 850,000

Optician & Furniture Shop, Whitton, Greater London

50/52, 54/56 & 58 High Street, Whitton, Middlesex, TW2 7LT
High Yield
£ 875,000

Mixed Parade (Card Factory, Greggs, Age UK & Restaurant), Boscombe

617 to 623 Christchurch Lane, Boscombe, Bournemouth, Dorset BH1 4AP
Call for price

Mixed Parade (5 Shops & 5 Flats), Watford, Greater London

178/178A, 180/180A, 182/182A, 184/184A, 186/186A St. Albans Road, Watford, Hertfordshire WD24 4AS
High Yield
£ 1,050,000

Sainsbury’s Local, Stourbridge

Sainsbury’s Local, 23 Lawnswood Road, Wordsley, Stourbridge, West Midlands, DY8 5PH
Call for price

Vacant Pub (To Let), Whitton, Greater London

The Duke of York, 672 Hanworth Road, Whitton, Hounslow, TW4 5NP
£ 170,000

Greggs, Leeds

45 Commercial Street, Rothwell, Leeds LS26 0AP
Call for price

Stationary Shop, Gloucester

Unit 10 Kingsway Local Centre, Quedgeley, Gloucester, GL2 2GT
Current Opportunity
£ 450,000

Domino’s, Southampton

Unit B Mapmakers Mercator Close, Romsey Road, Southampton, SO16 4HW
Current Opportunity
£ 700,000

Nursery, Greenwich, Greater London

Units C5 & C6, 2 Wharf Street, Greenwich, London, SE8 3FZ