Property overview

Units 1-5 James Way, Bletchley, Milton Keynes, MK1 1SU

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Aug 2023

Atlas Real Estate has recently advised an institutional client on the acquisition of a modern industrial unit in a prominent position on James Way, Milton Keynes.


The property totals 41,786 sq.ft on a site of 1.94 acres and is let to Celestra Limited on an FRI lease expiring 17th December 2027.  The current passing rent is £300,000 per annum.


The property was acquired for £4,050,000 which reflects a net initial yield of 6.95% assuming normal acquisition costs.


Atlas RE acted for the purchaser and Tudor Real Estate acted for the vendor.