Key Points

Summary

A Rare Opportunity to Purchase a Terrace of 3 Modern Offices on an Oxfordshire Business Park - Of Interest to Investors and Occupiers

Description

Units 15-17 Blenheim Office Park comprise a terrace of 3 units constructed in 2001 and forming Phase II of the scheme. They offer attractive and versatile self-contained accommodation with stone elevations under a profiled, pitched, roof. Each of the units is presently let, as detailed below. The remaining lease terms offer asset management opportunities for investors to renew and reposition the asset or alternatively an opportunity for a purchaser to occupy part or all of the accommodation as the leases expire making for an adaptable proposition. Unit 14 is also available on a separate basis, detail can be found here: http://m.search-prop.com/14-blenheim-office-park-14-fenlock-court-witney

Viewings

Strictly by appointment with the joint sole agents.

Location

Blenheim Office Park is an established business park located in a tranquil setting, on the east side of Long Hanborough, approximately 13 km (8 miles) north-west of Oxford benefiting from easy access to the A40, A34 and in turn the M40. Witney and Kidlington are both within easy reach and offer excellent local amenities. Hanborough railway station can be found close by, offering direct links to Oxford and in turn London Paddington.

Terms

The unit are available together or individually on a freehold basis. Unit 15 - £645,000 Unit 16 - £655,000 Unit 17 - £600,000

Specifications

The specification of each unit includes air conditioning, ancillary heating, perimeter & underfloor trunking, suspended ceilings and recessed ceiling lighting. Each office has its own access and benefits from Male / Female / disabled WC facilities. Parking provision is excellent with a combined total of 45 spaces offering an impressive ratio of 1:175 sq ft.

Promo

Modern Offices For Sale

Existing Tenancies

Unit 15 - Next Fifteen Communications Group Limited The unit is held on a full repairing and insuring lease for a term of 5 years expiring 04/08/2025 with a tenant only break on 05/08/2023. In the event that the break is not served, the Tenant benefits from a 2 month rent free period. The annual rent is £49,561 (£18.50 per sq ft). A purchase price of £645,000 would reflect a gross yield of 7.68%. Unit 16 - Phynova Group Limited The unit is held on a internal repairing and insuring lease for a term of 5 years expiring 27/09/2021. The annual rent is £38,800 (£14.25 per sq ft). Unit 17 - E-Therapeutics plc The unit is held on a full repairing and insuring lease for a term of 3 years expiring 29/09/2021. The annual rent is £46,000 (£18.50 per sq ft). The leases are all excluded from the security of tenure provisions of the 1954 Landlord & Tenant Act and are available upon request.