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Business park land holding

Banbury, United KingdomUnlock address

65%

£12.000.000

Industrial

#14696

Core+, Value-Add

21 Feb 2024

Property Details

Broker

Under offer

301,470 sq.ft.

28,007 m²

Leasable area

39 £/sq.ft.

428 £/m²

7.80 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Comprising a diverse mix of industrial and multi-let areas, open storage, traditional stone buildings and developable sites throughout the Business Park. The park is fully let, with the exception of Mill & corresponding parking (19,375 sq ft), to a diverse range of strong tenants. Following various lease regears a large proportion of the tenants have been on site for over 10 years. Opportunistic income profile with a WAULT of 2.31 years to expiries and 2.04 years to breaks. A substantial land holding of 17.5 Acres. Total marketing rent of £994,858 per annum from a total let area of 301,470 sq ft of covered space, yard space and concrete yard rentals, reflecting a low £3.30 per sq ft.