Building with redevelopment opportunities for sale in Milton Keynes

This property is marketed by:
Colliers

Features:

• Milton Keynes Location
• Site extends to 1.29 acres (0.52 hectares)
• Sold with the benefit of vacant possession
• Freehold

Description

The town occupies a strategic location lying immediately to the west of the M1, 32 miles to the north of the M25 (Junction 21) and 53 miles north of London city centre.

Capella House benefits from excellent road communications being adjacent to the A5, which links directly into London. The M1 motorway is easily accessible at Junction 14, just 4 miles to the north east of the property and Milton Keynes Central Railway Station is approximately 1 mile to the north of the property.

The property is situated in the established Winterhill commercial centre with notable retail warehousing, industrial and leisure occupiers including Honda, Wickes, B&M, Halfords, Homebase, DFS, PureGym and Big Yellow Self Storage.

The subject property was constructed in 1991 and comprises of 15,600 sq. ft. (1,449 sq m) and benefits from 61 parking spaces providing an excellent car parking ratio of 1:256 sq ft.

The site extends to 1.29 acres (0.52 hectares) reflecting a low site density of 28%.

The location appeals to multiple uses including industrial, retail warehousing, leisure, offices and car open storage.

The site will be sold with the benefit of full vacant possession and provides a significant refurbishment or redevelopment opportunity (STPP).

Freehold.