Property overview

Walker Greenbank plc, Bradbourne Drive, Tilbrook, Milton Keynes, MK7 8BE

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£8,100,000
Mar 2021

FSP has completed the disposal of a distribution warehouse in Milton Keynes on behalf of Legal & General.

The property comprises a detached warehouse unit and two storey office building, extending to 78,968 sq ft, on a self-contained site located on Bradbourne Drive, approximately 4 miles to the south of J14 of M1 motorway and Milton Keynes town centre.

The property is let to Walker Greenbank plc for a further 3.75 years at rent of £500,000 per annum reflecting £6.33 per sq ft.

The property was sold for £8,100,000 which reflects a net initial yield of 5.79%. The property was purchased by an institutional investor who was represented by BCM Real Estate and Nightingale Partners.