Retail Units & Shops

Buckinghamshire

Milton Keynes

property

To Let

This property is part of an unsponsored retail warehousing scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit 1/2 Eldergate, Milton Keynes, MK9 1LR

Owned by

Use Class

Size

6,518 sq ft

Rent pa

£60,000

Market Sector

Retail & Shopping Park

Landlord

Wilky Fund Management

Location

The subject premises is situated within a prime trading location forming a part of Elder Gate Centre, Milton Keynes. Occupiers within the vicinity include Burger King, McDonalds and Taco Bell. Retailers opposite the scheme at The Place Retail Park include Currys, Aldi, American Golf and Starbucks. An extract from the street plan is attached upon which the subject premises has been highlighted.

Accommodation

6,518 Sq.Ft

The subject premisis is arranged over ground floor, comprising the following net internal floor area: The property is currently divided into two separate units, which are due to be referbished and could also be amalgamated into one.

Areas

Sq.Ft

Sq.M

Unit 1 (Right):

4,074

378.5

Unit 2 (Left)

2,444

227

Downloads

Brochure

Unit 1/2, Elder Gate Centre, Brochure

Financial

Lease Term

The premises is available by way of a new effectively full repairing and insuring lease for a term by agreement, subject to upward only rent reviews every fifth year.

Rent

Unit 1 (Right): Quoting £100,000 per annum exclusive of service charge, insurance, business rates and VAT. Unit 2 (Left): Quoting £60,000 per annum exclusive of service charge, insurance, business rates and VAT.

Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

Business Rates

We have been verbally advised that the premises is assessed as follows: Unit 1 has a Rateable Value of £84,500. Unit 2 has a Rateable Vlaue of £43,500. Rateable Value: £84,500 £43,500 UBR (2024/25): 0.546 0.499 Rates Payable: £46,137 £21,706.5 Interested parties are advised to make their own enquiries with the Local Authorities.

Rates

Rateable Year:

2025

Rateable Value:

£43,500.00

Rates payable:

£21,706.00

UBR:

49.9p/£

Sustainability

An EPC for both units have been commissioned and can be provided upon request.

This Property is Part of a Retail & Shopping Park

Elder Gate Centre

Prominent unit close to ‘The Place’, B&Q Warehouse, Central Retail Park.

Edgerley Simpson Howe LLPCurson Sowerby Partners LLP

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.

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