Summary - UNIT E, BEDFORD BUSINESS PARK, MILE ROAD MK42 9TW
1 bed 1 bath Office
Secure rental income from a modern two-storey office with strong connectivity.
Let to Kimm & Miller Limited on five-year lease from 03/04/2022
Passing rent £59,613 per annum exclusive
Total floor area 5,302 sq ft over two floors
18 private parking spaces plus visitor parking
Mixed open-plan and private offices; meeting room and reception
Ground floor largely used as storage; may need refit for full office use
Leasehold tenure — lease expiry April 2027 (limited unexpired term)
Fast broadband, excellent mobile signal, low local crime
An attractive income-producing office unit on a modern business park, Unit E offers a straightforward investment in a sizeable two-storey building. The property is let to Kimm & Miller Limited on a five-year lease that commenced 03/04/2022 at a passing rent of £59,613 per annum, providing immediate rental income and simple ownership reporting.
The space is generous (5,302 sq ft) and flexible, with a mix of open-plan and private offices, a reception, meeting room, kitchen and WC facilities. There is clear potential for a hybrid occupier or a landlord seeking to relet to multiple tenants after the lease expiry. Eighteen dedicated parking spaces and additional visitor parking support operational convenience for staff and clients.
Buyers should note material considerations: the property is leasehold, and the current lease runs for five years from April 2022 (expiry April 2027), so the unexpired term is limited. The ground floor is largely in use as storage at present and may require tenant fit-out to return to full office use. These facts affect reversion timing and potential rental revaluation.
Location strengths include a landscaped business park setting, good roadside visibility, low local crime, fast broadband and excellent mobile signal. The building’s modern brick-and-glass frontage and practical layout suit professional occupiers; however investors should plan for tenant transition and any necessary refurbishment when the lease ends.
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