Bakkavour, Sutton-in-Ashfield, NG17 2NL
Milton acquired this modern distribution warehouse as part of a portfolio from a major UK institution in 2013. The property had been extensively fitted out by the tenant as a food manufacturing plant. Prior to acquisition Milton engaged with the tenant regarding the options for a regear.
The property was identified as being a future sale, being outside Milton’s target South East market.
Post purchase Milton agreed a lease extension with the tenant that extended the term of the lease to 25 years from the date of a sale.
Milton subsequently sold the property to a UK Institution in 2015.