Site Adjacent to Milton Keynes Central Railway Station
Currently a Multi Storey Car Park of 558 Spaces
Originally let to British Railways Board, tenant now Network Rail Infrastructure Limited for approx 66 years at a Peppercorn
VAT-Free Investment
Lot 1
Auction 17th February 2022
Status Sold
Price £430,000
Sector Ground Rent
Auction Venue Live Streamed Auction
Property Information
Location
Miles
55 miles north-west of Central London, 73 miles south-east of Birmingham
Roads
A5, A421, M1 (Junctions 13 & 14)
Rail
Milton Keynes Central Railway Station
Air
London Luton Airport
Situation
Milton Keynes is a successful New Town with a current population of approximately 280,000. The town is located between London, 55 miles to the south-east and Birmingham, 73 miles to the north-west. The town benefits from excellent communications, lying adjacent to Junctions 13 and 14 of the M1 motorway with the A5 trunk road running through the city. Mainline rail services from Milton Keynes Central to London (Euston) with the fastest journey time of 32 minutes, as well as to Birmingham New Street with the fastest journey time of 54 minutes. Luton International Airport is 28 miles to the south.
The property is situated in the Town Centre adjacent Milton Keynes Central Railway Station.
Tenure
Freehold.
Location
Miles
55 miles north-west of Central London, 73 miles south-east of Birmingham
Roads
A5, A421, M1 (Junctions 13 & 14)
Rail
Milton Keynes Central Railway Station
Air
London Luton Airport
Situation
Milton Keynes is a successful New Town with a current population of approximately 280,000. The town is located between London, 55 miles to the south-east and Birmingham, 73 miles to the north-west. The town benefits from excellent communications, lying adjacent to Junctions 13 and 14 of the M1 motorway with the A5 trunk road running through the city. Mainline rail services from Milton Keynes Central to London (Euston) with the fastest journey time of 32 minutes, as well as to Birmingham New Street with the fastest journey time of 54 minutes. Luton International Airport is 28 miles to the south.
The property is situated in the Town Centre adjacent Milton Keynes Central Railway Station.
Tenure
Freehold.
Description
The property comprises a multi-storey car park with approximately 558 spaces. The Site Area is approximately 0.25 hectares (0.61 acres)
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a multi-storey car park with approximately 558 spaces. The Site Area is approximately 0.25 hectares (0.61 acres)
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Tenant
Term
Rent
Reversion
Multi Storey Car Park
Originally let to British Railways Board, tenant now Network Rail Infrastructure Limited (1)
99 years from 3/10/1989
Peppercorn
02/10/2088
(1) Managed and trades as Saba Parking - www.sabaparking.co.uk/car-park/milton-keynes-central-station-car-park
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
