Connex 90

Mercers Drive, Bradville, Milton Keynes MK13 7HQ
Connex 90
Mercers Drive, Bradville, Milton Keynes MK13 7HQ
  • Opportunity to acquire a reversionary industrial warehouse.
  • Prime logistics location with excellent access to the junction 14 of the M1 motorway. 
  • Recently refurbished to provided approximately 88,340 sq. ft on a self contained site of 4.4 acres. 
  • Freehold.  
  • Let on FRI terms to BSH Home Appliances Limited who have an Experian score of 100, a risk rating of Very Low Risk.
  • The passing rent of £801,135 per annum equates to £9.07 per sqft.
  • ERV of £905,485 per annum equating to £10.25 per sqft.
  • Asset management possibilities through lease events. 
  • The tenant has been in occupation since 23 June 2017 and renewed the lease in June 2022. 
  • Investment value underpinned by vacant possession value. 

Offers in excess of £10,350,000 (Ten Million Three Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.

Reflecting a net initial yield of 7.25%, a reversion of 8.20% and £117 per sq ft after allowing for purchasers’ costs of 6.7%.


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