GET STARTED NOW

Express Interest in this Property

Aurora House, Office, Milton Keynes

AURORA HOUSE , DELTIC AVENUE, MILTON KEYNES MK13 8LW

Basic Facts

Property ID: 11938 Post Updated: 2020-02-19 16:40:00
Status: Type:
Tenure: Freehold Area: 42890 sq ft
Gross Rent: £ 481,642 Lease Term Expiry Date: 16/10/19
Years left on Lease: -4.5 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.

Features

Above £5m
Customer car parking
Finance available
Freehold
Large plot
Value-Add Potential

View on Map

Current Opportunities

Current Opportunity

Retail & HMO, Southall

2-6 The Broadway, Southall, UK View on map
6701 sq ft
Call for price
Current Opportunity

Tesco Express, Twickenham

246 Powder Mill Lane, Hounslow, UK View on map
Gross Yield % 5.5
4157 sq ft
£ 2,300,000
Current Opportunity

Tesco, Shepherds Bush

Tesco Express, 31 Uxbridge Rd, London W12 8LH, UK View on map
Gross Yield % 5.5
3800 sq ft
£ 2,200,000
Current Opportunity

Vacant Retail Unit, Wokingham

1 Beechey Place, Wokingham, UK View on map
2530 sq ft
£ 600,000
Current Opportunity

Domino’s, Colchester

3 North Station Road, Colchester CO1 1RH, UK View on map
Gross Yield % 6.1
3500 sq ft
£ 450,000
Current Opportunity

Swan Pub, Wimslow

2 Buckingham Rd, Winslow, Buckingham MK18 3DY, UK View on map
Gross Yield % 7.3
2500 sq ft
£ 450,000
Current Opportunity

Bathroom Shop & 8 Flats, Kenton

142-144 Kenton Rd, Harrow HA3 8AZ, UK View on map
8302 sq ft
£ 2,500,000
Current Opportunity

Pizza Hut, St. Albans

18 Beech Rd, St Albans AL3 5AS, UK View on map
Gross Yield % 6
1042 sq ft
£ 440,000

Specsavers, Savers & Comfort Sofa’s

66 Boothferry Rd, Goole DN14 5BT, UK View on map
Gross Yield % 7.9
7586 sq ft
£ 650,000
Current Opportunity

Newly Refurbished Warehouse & Offices, Sutton

5 Sandiford Road, Sutton, SM3 9RN
Gross Yield % 8
11300 sq ft
£ 2,000,000

Boots & Flat, Chingford, Greater London

9-11 Old Church Rd, Chingford Mount, London E4 6SJ, UK View on map
Gross Yield % 5.8
3792 sq ft
Call for price
Current Opportunity

Co-op Food, Bermondsey

Crimscott St, London SE1 5TE, UK View on map
5326 sq ft
£ 2,450,000

Iceland, Houghton-Le-Spring

15 Newbottle St, Houghton le Spring DH4 4AP, UK View on map
1292.70 sq ft
£ 1,300,000
Current Opportunity

Shop & 3 flats, Redhill

3 Brighton Rd, Redhill RH1 6TW, UK View on map
2595 sq ft
£ 950,000

Nail Salon, Stanmore, Greater London

7A The Broadway, Stanmore HA7 4DA, UK View on map
Gross Yield % 5
692 sq ft
£ 425,000
4992 sq ft
£ 3,800,000

Bodycare, West Bromwich

19 St James Pl, Mangotsfield, Bristol BS16 9JB, UK View on map
3713 sq ft
High Yield

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

617 Christchurch Rd, Boscombe, Bournemouth BH1 4AP, UK View on map
£ 875,000
Current Opportunity

Victorian Shopping Arcade, Walsall

11 Lower Hall Ln, Walsall WS1 1RL, UK View on map
Gross Yield % 12.2
35724 sq ft
Call for price