Description

• The property comprises three ground floor trade counter/motor trade units with an extensive yard and car parking area totalling an approximate site area of 0.60 hectares (1.48 acres).
• The site benefits from 2 access points off Stratford Road, Wolverton serving the entire area. The site does not include the petrol filling station to the front and the restaurant that immediately abuts the site.
• The site is surrounded by residential and commercial property and is extremely prominent fronting on to Stratford Road.
• The site presents for a redevelopment opportunity subject to obtaining vacant possession from the three existing tenants.
• Kwik-Fit has recently renewed their lease (rent per annum is £45,000), making new expiry date fall on the 02.06.2029. The new tenant DFH MK Motor terms have recently been agreed until 24.12.2032 with annual rent being £60,000 and going up to £65,000 by 2030. The Wolseley UK lease is expiring 18.04.2028, with rent per annum being £40,000. Total passing rent is £145,000 per annum.

Location

• The property is prominently situated on the northern side of Stratford Road, opposite its junction with Christchurch Grove, some 0.5 miles west of the town centre.
• Stratford Road leads directly to the A5, the major trunk road providing access to the M1 and M6.
• Nearby occupiers include Murco Petrol Station, Premier Convenience Store, RailCare and MK Car Store.

More Information

Accommodation

Terms
We are instructed to seek offers in excess of £2,000,000 (Two Million Pounds) - subject to contract and exclusive of VAT. A purchase at this level reflects a price per acre of £1.351M.

EPC
Available upon request.

Business Rates
For the rates payable please contact us or www.voa.gov.uk