RARELY AVAILABLE REVERSIONARY OXFORD OFFICE INVESTMENT WITH SIGNIFICANT ASSET MANAGEMENT POTENTIAL
* Rare Oxford freehold office investment * Guide price seeking offers in excess of £4,200,000 showing a net initial yield of 6.59% * Asset management opportunity to realise reversionary rental * VAT not applicable to sale * Established tenant with 20 month residue of long lease (November 2020) * Proven office location * Flexible accommodation * 65 car spaces (1:234) and close to Park and Ride/ Main Bus route
Full supporting information including floor plans, legal documents and EPC's is available via the date room: www.godstowcourtoxford.com
Minns Business Park occupies a prominent location in Botley and has emerged over the last decade as a prime business location. Existing Park occupiers include Oxford University Innovation, Barclays, RBS, Dehns and Charles Stanley.
The Park is situated approximately 1.2 miles from Oxford mainline railway station and the city centre. It adjoins Botley Road, one of Oxford's main arterial routes, in turn providing a main bus route into the city and direct access to the A34 via the nearby junction. The location benefits from pay to use parking at Seacourt Park and Ride, which is approximately 400m away. This has a current capacity for 749 spaces and plans to extend this to 1500. Nearby amenities including shops and cafes can be found within 10 minutes walk at both West Way and Seacourt Retail Park, with West Way being the subject of an £82M redevelopment to include hotel, retail and student accommodation. The immediate vicinity has a range of attractive walks and picnic areas in North Hinksey Nature Reserve.
Terms & Conditions
The property is let in its entirety to A2 Dominion Housing Ltd who have the residue of a Landlord and Tenant protected 20 year full repairing and insuring lease, which expires on 7th November 2020. The passing rental is £295,000 (£19.32 psf) A2 Dominion is no longer in occupation and has sublet the first and second floors to Oxford Global Marketing Ltd (OGMS) and Ogilvy Healthworld UK Ltd respectively with both leases expiring on 1st September 2020. OGMS's lease includes a landlord only rolling 6 month break. Both tenancies are outside the Landlord and Tenant Act security of tenure provisions. Copies of all tenancy documents are available within the data room.