Units 1-3 Carters Lane, Kiln Farm, Milton KeynesPosted on March 10, 2016
Clay Street successfully marketed this southeast multilet industrial estate.
- 3.68 acre site comprising 3 detached units providing 62,263 sq ft of industrial accommodation.
- Fully let to tenants Royal Mail, MK Safari and We R Sports providing a total rent of £280,189 p.a.
- Weighted average unexpired lease term of 3.9 years to break and 5.2 years to expiry.
- A private fund buyer purchased the freehold interest in June 2016 for £3.55m reflecting a net initial yield of 7.41%, using revised SDLT rules.