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Willow Court Minns Business Park, Oxford, OX2

For sale: £8,100,000.00|22545 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£8,100,000.00
SIZE22545 Sq Ft
ADDRESSWillow Court Minns Business Park, Oxford, OX2
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON19th October 2020

DESCRIPTION

An opportunity to purchase a modern freehold office building in the globally renowned city of Oxford.

We are instructed to seek offers in excess of £8,100,000 (eight million, one hundred thousand pounds) Subject to Contract and exclusive of VAT.

A purchase at this level reflects a Net Initial Yield of 6.29% and a Reversionary Yield of 8.18% assuming normal purchasers' costs.

Willow Court comprises a self contained office building over ground to third floors, totalling 22,545 sq ft.

Dehns, Charles Stanley, Oxentia and The Smith Institute all have rent reviews in between 2021 - 2024. The reviews are all to Open Market.

Current WAULT of 5.78 years to lease expiry and 3.63 years to tenant break options .

Future asset management opportunities include setting a new rental tone within the building through letting the vacant suite and significantly improving returns through the forthcoming rent reviews.

( Agency Pilot Software Ref: 20010643 )

LOCATION

Location: Willow Court Minns Business Park, Oxford, OX2

Oxford (0.9 miles)

Radley (5.0 miles)

Islip (5.5 miles)

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