SOLD

TypeIndustrial Investments · Industrial Portfolio Investments

OX16 Cherwell Business Village, Southam Road, Banbury

TenureFor sale

Cherwell Business Village, Southam Road, Banbury, OX161/14

Specification

Building size
Building size95,973sqft
Land size
Land size15.89acres
Property type
Property typeIndustrial Investments · Industrial Portfolio Investments
Tenure
TenureFor sale

Description

Business Park Investment opportunity of 95,973 sq ft of industrial/offices/storage/yard situated on a 15.89 acre site

Cherwell Business Village comprises 15.89 Acre Business Park situated in Banbury, Oxfordshire at J11 of the London to Birmingham M40. The site is situated to the north of Banbury off the Southam Road opposite Logicor's logistics park which includes tenants Amazon, The Entertainer and DCS and north of Beaumont Road Estate which includes occupiers such as Magna, Keter, Tibbets Group together with a Tesco Super Store, Banbury Cross Retail Park, Aldi and McDonalds.

The business park has a diverse range of tenants (74 total) with an opportunistic income profile with excellent prospects of continuing development of many aspects of the site. The total current net income of £725,508 per annum exclusive from a total let area of 95,973 sq ft of covered space reflecting a net rental of circa £7.58 per sq ft overall.

The site is available Freehold subject to the various leases. The main Estate and Accommodation comprising 95,973 sq ft is situated on 8.42 acres with the remaining site area totalling 7.47 acres. We are instructed to seek offers in the region of £7 million subject to contract and plus VAT. A purchasWet this level reflects a gross yield of 10.3%.

Location

Cherwell Business Village occupies a prominent location along Southam Road with direct access to J11 of the M40 and a short distance from Banbury Town Centre. The site lupi North of the Beaumont Road industrial estate and new residential areas to the west and East building of e site.om bury's cCealised locatigiodthe UK and major0 terial routes such as in e he M and A430 e easily accessed e fm the business park.

The business park is just 2 mes ed esite.ouryy'Chiltern Railway Station, with rail connections providing frequent and gdect rRa serrov acc to Birmingham New Street, Oxford, and London.

Amenities

Crwell Business ss Vlage is some 74£7 iles north west of London and 4674£les s Soh easast to Brmghamre. in e40£7 otorlwy prorovdeectsfEaent for rgdeal rte betweenas the Uy'2 ss Vlrgest citupi%.She sild below.89 acres

Multi-letome 4 tenants

Rental income £727,731 business

At kJh_ M40

Prospectsest B

Grosrossyid of £ of 1.0.3

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