MIXED USE CITY CENTRE DEVELOPMENT OPPORTUNITY FOR SALE

Saxon Court, 502 Avebury Boulevard, Milton Keynes MK9 3HS

OPPOR TUNI T Y SUMMARY

• Development opportunity at the heart of the Growth Corridor

• Significant anticipated transport infrastructure improvements to create an expressway across the Oxford Cambridge Arc

• Strategic city centre location within one of the fastest growing cities in the UK

• A substantial regeneration opportunity in Central Milton Keynes

• Prominent gateway position

• Approximately 15 minutes’ walk to Milton Keynes Central Station

• Immediate proximity to a host of leisure and retail amenities

• Site area 2.35 acres (0.95 ha)

• Short term income on part

• Proposals sought for an aspirational placemaking scheme

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D E V E L O P M E N T S - P R O P O S E D & U N D E R C O N S T R U C T I O N

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H E A R T O F T H E G R OW T H C O R R I D O R

LONDON

BRIGHTON

CHELMSFORD

MAIDSTONE

PORTSMOUTH

NORTHAMPTON

NEWPORT

WORCESTER

BIRMINGHAM

WOLVERHAMPTON

LEICESTER

LOUGHBOROUGH

CAMBRIDGE

HEREFORD

GLOUCESTER

BASINGSTOKE

OXFORD

MILTONKEYNES

LUTON

GUILDFORD

READING

SOUTHAMPTON

BOURNEMOUTH

BRISTOL

BATH

WESTON-SUPER-MARE

SALISBURY

YEOVIL

DORCHESTER

New road and rail routes are proposed to create an expressway across the Cambridge - Milton

Keynes - Oxford Arc.

Consistently ranked as one of the top UK cities for both existing and forecast growth in employment and Gross

Value Added (GVA)

Strategically positioned at the heart of the growth

corridor

Population is projected to exceed 300,000 by 2027.

One of the fastest growing cities in the UK,

with a population increase of 79% since 2002 at

4.6% per annum.

Over £1billion of private investment committed in

the last decade,

MILTONKEYNES

CENTRALSTATION

MIDSUMMER BOULEVARD

AVEBURY BOULEVARD

CHILDS WAY CHILDS WAYH6H6 H6

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SILBURY BOULEVARD

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L O C AT I O N

C O M M U N I C AT I O N S

Milton Keynes is firmly established as an important regional centre, consistently achieving Top-10 City status. Strategically located between London and Birmingham, it is easily accessible by road and rail networks. It has attracted a wide range of national and international office occupiers including Santander, Home Retail Group, Transport Systems Catapult, VW, Mercedes, Deloittes, Network Rail and Argos.

MK Gateway is prominently situated on the corner of Avebury Boulevard and Saxon Gate, just off Childs Way (H6). The building is within a 2 minute walk of Centre:MK, with its abundant range of national retail and food outlets and Milton Keynes railway station is under 20 minutes’ walk

M4

Northampton

Milton Keynes

Aylesbury

SloughLondon

Harlow

Bedford

RugbyKettering

Cambridge

Corby

Oxford

Luton

Coventry

Birmingham

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M1 Junction 14 8 min

Northampton 34 min

Coventry 58 min

Birmingham 1 hr 20 min

London 1 hr 20 min

Luton Airport 35 min

London Heathrow 1 hr 5 min

Birmingham Int. 1 hr 10 min

Stanstead 1 hr 15 min

Gatwick Airport 1 hr 40 min

Euston 34 min

Birmingham New Street 45 min

J O H N L E W I S

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T H E H U B

T H E AT R E

D E S C R I P T I O N

MK Gateway is located in a key strategic location within Central Milton Keynes on the corner of Avebury Boulevard and Saxon Gate adjacent to the Centre:MK and Intu Milton Keynes.

The site comprises two parcels of land totaling 2.35 acres (0.95 ha). The site of Saxon Court is approximately 1.61 acres (0.65 ha) and the development land to the rear is 0.74 acres (0.30 ha).

Saxon Court is a first generation town centre office building constructed in the late 1970s, providing 3 floors of office accommodation arranged around a large covered atrium.

Following the purchase of the building by Milton Keynes Council and their subsequent relocation, the site has been highlighted as a major city centre regeneration opportunity.

O P P O R T U N I T Y

This Milton Keynes Gateway site provides an opportunity to embrace the core pillars of great placemaking. The best development schemes stimulate activity supporting a diverse mix of uses, cultural and business opportunities all within

an integrated, attractive setting that improves the quality of the built environment..

The Development Brief sets out the vision for this strategically important site together with key design and development principles that we would expect

interested parties to include within their proposals. The expectations of the key stakeholders is that the development proposals will create a mixed use scheme

of exceptional quality that will deliver the following placemaking attributes:-

Creates active frontages which further animate

the immediate area and public realm

Deliver a mix of uses which results in 24/7 activity

development.

Establish a density of residential units which

maximises the vibrancy of the scheme.

Create a landmark development

Accommodate any parking requirements through an

integrated solution.

Increased building height and mass

S I T E A R E A S

E X I S T I N G AC C O M M O D AT I O N

The site areas comprise the following:

The existing Saxon Court building comprises the following net internal floor areas:

Saxon Court 1.61 acres (0.65ha)

Adjoining Site 0.74 acres (0.30ha)

Total Site Area 2.35 acres (0.95ha)

Floor Area Sq Ft Sq m

First Floor 25,695 2,387.6

Ground 23,996 2,229.3

Lower Ground 31,359 2,913.4

Total 81,050 7,530.3

AWAITING SITE PLANMATERIAL

E X I S T I N G T E N A N C I E SThe property has existing tenants with leases expiring no later than 1st September 2020. A tenancy schedule is available to view in the data room.

D AT A R O O MA pack of comprehensive information is available to view in the data room. Please contact us to arrange access.

There are 22 car parking spaces immediately to the rear of the building. The building has a large central atrium area, a reception and internal perimeter walkways. The total building floor area including these common areas is approx. 106,140 sq ft.

S O U T H E I G H T S T R E E T S O U T H E I G H T S T R E E TS O U T H E I G H T S T R E E T

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Tom Harkertharker@lsh.co.uk 07702 884405

Nigel Palmernpalmer@lsh.co.uk 07841 684904

Ryan Deanrdean@lsh.co.uk 07970 379054

DISCLAIMER: Lambert Smith Hampton (LSH) for themselves and for the vendors or lessors of the property whose agents they are give notice that, (i) these particulars are given without responsibility of LSH or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) LSH cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; (iii) no employee of LSH has any authority to make or give any representation or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) LSH will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. May 2019. Designed by cormackadvertising.com

M E T H O D O F S A L E

The property is for sale by way of informal tender. We are seeking creative and viable proposals for the redevelopment of this key site. Full details of the sale process and how proposals will be evaluated are available in the data room.

Please note that neither the Council nor their advisors will be liable for any costs incurred by third parties either through the preparation of expressions of interest or indeed once any individual party is selected as the preferred developer.

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The property is elected for VAT.