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Retail Units & Shops

Buckinghamshire

Milton Keynes

property

Let

40 Midsummer Place Midsummer Place, Milton Keynes, MK9 3GB

Use Class

E(b)

Size

2,091 - 4,220 sq ft

Rent pa

£92,000

Market Sector

Shopping Centre

Description

CONFIDENTIALLY AVAILABLE

A3 LEASE FOR SALE

Key Information

Viewing

Strictly by appointment through the assignor’s sole agents as staff are unaware of the impending sale.

Accommodation

2,091 - 4,220 Sq.Ft

The premises are arranged over basement, ground, first and mezzanine floors.

Areas

Sq.Ft

Sq.M

Ground Floor

2,091

194.25

1st Floor Sales

1,502

139.53

Basement Store

442

41.06

Mezzanine Store

185

17.18

Additional Contacts

Asset Managers

Downloads

Brochure

40 Midsummer Place, intu Midsummer Place - Brochure 1

Financial

Lease Type

Existing Lease

Lease Term

The premises are available by way of an assignment of the existing 15 year full repairing and insuring lease from 13 March 2006 expiring 12 March 2021, subject to 5 yearly upward only rent reviews.

Rent

Rent is exclusive of rates, insurance and VAT (if applicable).

Rent Review

Next review date 2016/3/00

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service Charge

£38,955.60pa

Tenure

Leasehold

Rates

Rateable Year:

2015

Rateable Value:

£73,000.00

Rates payable:

£35,989.00

UBR:

49.3p/£

This Property is Part of a Shopping Centre

Midsummer Place

A prime destination asset in the centre of Milton Keynes, comprising 52 units and built in 2000. The centre is undergoing a major transformation; in the last three years we have opened a new F&B Quarter, opened a new flagship Apple store, and completed lettings to Lane 7 and Frasers in the previously vacant Department Store.

JLL

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.