PATRIOT DRIVE, MILTON KEYNES, MK13 8PU Prime Retail ...

PATRIOT DRIVE, MILTON KEYNES
Prime Retail Warehouse Investment Opportunity
Investment
Considerations
Location
Catchment
& Demographics
Situation
Retail Warehousing
in Milton Keynes
Description
Tenure
Tenancies
Planning
Asset Management
Potential
Tenants’ Covenants,
VAT, Proposal,
Further Information
Description
The property was developed in 2005 and provides a
modern purpose built retail warehouse unit, totalling
119,067 sq ft gross internal area. There is also an
external garden centre area of circa 30,000 sq ft and a
builders’ yard of approximately 20,000 sq ft.
The building is of steel frame construction with the
main elevations being clad with attractive masonry
below ‘microrib’ cladding panels.
Internally the building is fitted to the tenant’s
specification with the unit benefiting from both an
external garden centre area and a builders yard. The
main floor is dedicated to retail sales and provides
access to both external compounds. The ground floor
totals 117,000 sq ft and there is also a first floor
amenity area totalling 2,067 sq ft, providing offices
and ancillary accommodation.
The unit is well configured, virtually exactly to B&Q’s
ideal warehouse format. Furthermore the frontage to
depth ratio allows the unit to be easily subdivided.
The scheme is serviced by a demised open
tarmacadam surfaced car park, which provides 577
spaces, giving an ample car parking ratio of 1:206 sq ft.
The dedicated service yard is situated to the rear of
the unit and is accessed separately and segregated
from the customer car park.
We calculate the site area extends to approximately
10.99 acres (4.45 hectares), giving a low site cover of
24.86%.