- Client
- University College Oxford
- Sector
- Commercial
- Location
- Horsham
- How we helped
- Industrial Investment and Asset Management
- Statistics
-
6.00%
initial net yield
Three career highlights:
Director, Helical Bar; Owner/Director Stiles Harold Williams; Owner, Whittingham Prosser.
Acting on behalf of University College, Oxford, Carter Jonas has acquired a multi-let industrial investment located in the prosperous West Sussex town of Horsham.
The property comprises two detached modern warehouse units which are situated close to the town centre, whilst enjoying ease of access to the A24 and A264 bypasses and thereby the M23.
The two units have a combined total area of some 30,300 sqft. and have the benefit of self-contained loading yards and car parking areas.
The units, which are more or less identical in size, are let to well-established companies, C Brewer & Sons Limited and Safeguard Europe Limited, who are the original tenants of the buildings and have been in occupation for circa 20 years.
The total passing rent is £223,250 pa which equates to approx. £7.35 psf on average, with an outstanding review to be actioned on Unit 1.
University College has purchased a 999 year leasehold interest at a peppercorn, with an option to purchase the freehold interest in 2029 for a consideration on £1.
The purchase price was £3.725M reflecting a net initial yield of 6.00%.
Related Case Studies
New Warehouse
Carter Jonas' Building Consultancy team provided a monitoring service in relation to a £2 million ne...
20 Nuffield Way
Acting on behalf of Opcare Limited, Carter Jonas were instructed to advise on disposal options for a...
The Maltings Industrial Estate
Following a reorganisation of their warehouse arrangements, UK bathroom supplier Roper Rhodes releas...
Nuffield Industrial Estate
Acting on behalf of Eskmuir Properties, Carter Jonas were instructed on a joint agency basis to disp...
Harlow Pitney Bowes
Carter Jonas were instructed by Pitney Bowes to manage the relocation from a redundant office to a f...
C.H. Robinson Amsterdam Consolidation
C.H. Robinson had three sites in Amsterdam which were no longer aligned with the business needs and ...
Southampton City Centre
Carter Jonas’s Regeneration, Retail and Town Centre Consultancy Team was instructed by Southampton C...
Homerton College Development
Carter Jonas are instructed by Homerton College to manage the Homerton Business Centre and adjoining...
Hackney Town Centre
Members of Carter Jonas’s Regeneration, Retail and Town Centre Consultancy team were commissioned by...
Hull City Regeneration
Carter Jonas’s Regeneration, Retail and Town Centre Consultancy Team has advised Hull City Council s...
Orchard Lea Pool Complex
Carter Jonas were acquired to help with the design and construction of a contemporary 15m x 6m priva...
The Manor House
The Manor House is an important early 17th Century Grade II* Listed property in North Oxfordshire. C...
Orchard Lea Main House Refurbishment
Carter Jonas worked on the total refurbishment, upgrade and extension of a 7-bedroom Edwardian house...
Norwich City Council
Norwich City Council is seeking to improve the performance of its portfolio through rationalisation ...
Estate Management: Police and Crime Commissioners
Carter Jonas provide a full range of operational property support services across the entirety of th...
Property Reviews: BCC Location Asset Strategy Review
Carter Jonas has provided a full review of all Buckinghamshire County Council property, with a prima...
Property Reviews: LB Hounslow
Carter Jonas conducted a property asset review on a pre-determined section of the London Borough of ...
Care Quality Commission
Care Quality Commission was seeking advice and technical support through the identification of optio...
BP International Business Park
Carter Jonas were instructed by Spelthorne Borough Council to provide a valuation for accounts purpo...
CBS Freehold Disposals
Carter Jonas were instructed to advise and dispose of a number of Cambridge Building Society sites a...
Estate Strategy: BCC Property Asset Management Plan
One of the first activities undertaken following Carter Jonas’ appointment as Estates Framework prov...
Estate Management: BCC
Provision of full property support services across the operational and investment estates of Bucking...
Estate Strategy: RBLI
Royal British Legion Industries occupies an island site in Aylesford Kent, comprising 70 acres with ...
Old Bond Street
5 Old Bond Street occupies a pivotal position on the end of a central terrace in Old Bond Street, ot...
Knaves Beech Industrial Estate
Carter Jonas has acquired a multi let industrial estate in High Wycombe on behalf of Buckinghamshire...
Food Standard Agency (FSA)
Food Standard Agency needed to vacate its current London headquarters and relocate, considering vari...
London Borough of Haringey
Carter Jonas conducted a Council-wide consultation on a pre-determined section of the London Borough...
Statutory Transfers
Land held within the public sector can be subject to change by way of changes in legislation, The Ac...
Sale of Petrol Filling Station Investment
Carter Jonas successfully marketed and negotiated the sale of a petrol filling station investment, e...
Lime Tree Clinic
The Carter Jonas Building Consultancy team was instructed to undertake the refurbishment and extensi...
Nursing and Midwifery Council
Nursing and Midwifery Council was seeking advice and technical support through the identification of...
King Charles House
Carter Jonas were instructed to market, by way of a sublease, surplus office accommodation occupied ...
Lease Renewal Services for Feref
Instructed to negotiate a renewal of Feref Ltd’s existing lease at 17-18 Great Pulteney Street, W1, ...
ARM Eastbrook Office Acquisition
Carter Jonas’s Cambridge office team were instructed by ARM Ltd to find expansion space for their bu...
New Travelodge Sites
Will Mooney, head of the Eastern Region Commercial Department in Cambridge, and Samuel Turner are ap...
Valuations for Warwickshire District Council
Carter Jonas is retained by Warwickshire District Council to provide asset valuations in respect of ...
Somerville College, Oxford
Inspection to establish overall condition for compliance and maintenance of 14no residential propert...
240 Blackfriars, Demandware
Following submission and acceptance of a competitive fee proposal, Carter Jonas was appointed by Dem...
Freehold Investment Disposal
The Cambridge office of Carter Jonas was at the heart of a commercial property deal which saw the di...
Grantchester High Street Lease
Carter Jonas were instructed to advise and dispose of the leasehold interest of a former Car Garage ...
Abingdon Science Park
Acting on behalf of Addington Capital, Carter Jonas were retained as sole agents after the previous ...
Grove Business Park
Grove Business Park in Oxfordshire is set in 32 acres of land, offering a range of existing office, ...
CIL Relocation
Instructed to relocate CIL management consultants to new offices capable of accommodating approximat...
Czarnikow Office Acquisition
Instructed to acquire an office floor within the City of London suitable for accommodating approxima...
Leeds City Centre Office Acquisition
Carter Jonas identified new premises and negotiated favourable terms for The Medical Protection Soci...
UKAEA Estate Management
The appointment covers the marketing of office, research and warehouse accommodation, strategic deve...
Estate Strategy: Department for Work and Pensions (DWP)
Re-appointed in November 2016 as the National Property Advisor for Department for Work and Pensions,...
The Broers Building
Carter Jonas are instructed by the University of Cambridge to manage the Broers Building, which is l...
Units 18b & 18c Meridian East
Units 18b and 18c are two office buildings within the Meridian East Business Park. They are 10,790 s...
London Relocation Greenlight Marketing
Relocation of a well-known marketing company, Greenlight Marketing, to c. 13,000 sq ft in British La...
Frost and Sullivan Relocation
Carter Jonas were instructed to relocate Frost & Sullivan UK headquarters to new offices capable of ...
Valuation of Cavenham Estates Portfolio
Carter Jonas were instructed by Handelsbanken’s Colchester branch to provide valuations of seven ind...
Red Gables
The Carter Jonas Bath office was instructed to act on behalf of Avon & Wiltshire Mental Health Partn...
Ingeus Office Acquisition
Carter Jonas’s team in Leeds identified and acquired suitable premises for Ingeus to open six new of...
Ridgeon's Development
On behalf of Ridgeon’s Builders Merchants Limited, Carter Jonas were appointed to procure a developm...
Land at Darlington Road
The Carter Jonas Leeds Office have been acting for local farming family, the Gills, since the mid-19...
Letting of Riverside South
Carter Jonas were approached by the tenants of Riverside South in order to help advise them on an ex...
Launton Business Centre
Acting on behalf of CBRE GI, Carter Jonas were jointly instructed to market and secure tenants for U...
Valuation of West End Theatres
Carter Jonas were instructed by an American client to provide an asset valuation for tax purposes af...
Foxcombe Hall
Acting on behalf of the Open University, Carter Jonas were instructed to dispose of the university's...
UK Payments Administration Office Acquisition
Carter Jonas were instructed to acquire an office floor in close proximity to Thomas More Square, E1...
WANO Rent Review
Carter Jonas were instructed to negotiate the rent review of WANO’s office on the 35th floor of 25 C...
Milton Park
Acting on behalf of RM Plc, Carter Jonas acquired new office premises totaling 17,900 sq ft at Milto...
6 High Street, Ely
Carter Jonas provided dilapidations advice in respect of the former tenant’s exit and subsequently d...