3 November 2026: Tuesday 03 November 2026 - 9:00am
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    Key features

    • High Yielding Investment Opportunity
    • Freehold two storey detached office building
    • Approximately 1,264 sq m (13,616 sq ft)
    • Let on a 5 year lease from 2024
    • 1 Acre plot with parking
    • Central location
    • Well established office location
    • Investment let at £209,692 per annum (13.9% GIY on Guide Price)

    Description

    We are advised that the tenants carried out a comprehensive upgrade of the heating and hot water systems serving the entire building in July 2026.

    Additional information

    Tenure

    Freehold

    Accommodation

    A mix of open plan and cellular offices around a glass atrium with attractive communal grounds and parking. The offices benefit from good natural light, central heating, air conditioning, raised floors and suspended ceilings.

    Approximate Gross Internal Areas

    Ground floor - 703 sq m (7,573 sq ft)

    First floor - 560.9 sq m (6,037 sq ft)

    The property has not been internally measured by the auctioneers, areas have been taken from the VOA and interested parties must rely on their own enquiries.

    Tenancy

    Let to Hughes Network Systems Ltd on a 5 year lease from 21st October 2024 at a rental of £209,692 per annum.

    Notes

    The works included replacing the existing Ideal Evomax 100kW boiler with a new 80kW high-efficiency condensing boiler, together with the installation of a new low-loss header, plate heat exchanger, primary circulation equipment, expansion vessel, automatic pressurisation unit, vertical flue system and safety discharge pipework. The existing hot water system was also decommissioned, including removal of the old indirect hot water cylinder, and replaced with a new ACV Smart 210-litre indirect stainless steel hot water cylinder, complete with associated safety devices and controls.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Situated to the east side of Rockingham Drive, close to the junction with Marlborough Street, within a well established office location.

      Milton Keynes centre is approximately 1 mile to the south and provides a broad range of shops bars and restaurants.

      Milton Keynes Station provides a frequent commuter service to central London.

      Transport

      Milton Keynes Station - National Rail

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums