Rarely available, Multi-let Oxford office investment with opportunity to realise reversionary rents.
Rare Oxford freehold office investment Seeking offers in excess of £8,400,000 showing a net initial yield of 6.00% and reversionary yield of 7.36%, based on normal purchasers costs and ERV of £695,862 WAULT of 6 years 6 months to lease expiry Strong occupier profile minimising risk Proven office location with limited competition Fully refurbished including M&E Future reversionary rental potential 57 car parking spaces (1:395) and approx. 400m to Park and Ride / Main Bus route
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, NatWest, Dehns and Charles Stanley.
The Park is fully developed, with the exception of a single storey high tech building to the rear of the subject property shortly due to be redeveloped for residential purposes.
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 to 1,500.
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 as well as local pubs.