Units 1-5 James Way, Bletchley, Milton Keynes, MK1 1SU
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£4,050,000
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.
