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

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 is £74,000. For the rates payable please contact us or www.voa.gov.uk