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 )