Angle Property is pleased to announce it has completed the purchase of the former DominoÃ¢â‚¬â„¢s Pizza Headquarters on Lasborough Road, Kingston, Milton Keynes.
The 35,000 sq ft vacant warehouse built in 2000 occupies a prominent 3.18-acre site on the Kingston business park and provides an opportunity for the redevelopment of the existing site for Grade A warehouse space in a much sought after area of Milton Keynes.
The site will deliver a self-contained single urban logistics/warehouse unit of c. 58,000 sq ft, including c. 5,000 sq ft of Cat A office space. This will be delivered by comprehensive refurbishment of the existing warehousing space and achieving planning for a new build extension with a GDV of Ã‚Â£12m.
ESG will be imbedded into all stages of the design of the new scheme, which will be targeting BREEAM Excellent and EPC A rating.
The purchase of this desirable site represents the fourth purchase for the Angle Opportunity Fund which launched in 2021. The Angle Opportunity Fund is a discrete fund, established and managed by Angle Property which seeks to deliver strong investment returns using Angle PropertyÃ¢â‚¬â„¢s skills to secure valuable planning consents or unlock development potential and subsequently sell completed projects, typically within 1 to 3 years.
Angle Property is in the process of submitting a detailed planning application and will be marketing the site to occupiers on a freehold and leasehold basis.
Tony Williamson, director of Angle Property said:
Ã¢â‚¬Å“We are very pleased to have secured this site for the Angle Opportunity Fund. The site is located in Kingston, a 7 minute drive from Junction 14 of the M1 and will provide for much needed Grade A mid-box space.
This acquisition demonstrates Angle PropertyÃ¢â‚¬â„¢s ability to transact on opportunities in markets with strong fundamentals. This site was marketed through a highly competitive bid process and Angle Property completed the acquisition on a completely unconditional basis in 7 working days of receiving the draft contract which demonstrates our excellent ability to transact quickly and efficiently.
We are well funded, highly acquisitive and looking for similar opportunities throughout the South Midlands and South EastÃ¢â‚¬Â
Louch Shacklock and Colliers are acting as joint lettings / investment agents.