Industrial

Nuffield Trade Park, Oxford OX4 6JS

 

Quoting Price: £16,060,000 - Initial Yield:4.75%

Acting on behalf of Eskmuir we are instructed to market this rare south east multi let trade counter investment opportunity. 

The property comprises 18 industrial / trade counter units providing a total GIA of 88,117 sq ft (8,186.34 sq m) with individual unit sizes ranging from 2,879 sq ft (267.47 sq m) to 17,608 sq ft (1,635.84 sq m). Multi let to 11 tenants generating a total rental income of £814,178 p.a which reflects a low average rent of £9.24 psf and an attractive AWULT of 6.1 years to expiry (3.4 years to break).

Opportunities in the short to medium term to add substantial value. Asset management initiatives include undertaking lease re-gears, driving rental performance across the estate and pro-actively targeting life science and tech occupiers. The site extends to 4.58 acres (1.85 hectares) providing a low site coverage of 44%.

Offers sought in excess of £16,060,000 (Sixteen Million and Sixty Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 4.75%, after deduction of purchase costs of 6.73%, equating to a low capital value of £182 per sq ft.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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