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An opportunity to purchase a modern freehold office building in the globally renowned city of Oxford
Virtual Tour: https://youtu.be/qnnw9s0TMMc
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- Willow Court comprises a self contained office building over ground to third floors, totalling 22,545 sq ft.
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Multi Let to five established covenants: National Westminster Bank PLC, Charles Stanley & Co. Limited, Dehns Limited, Oxentia Ltd and Smith Institute with 2,698 sq ft currently vacant.
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Overall passing rent of £543,072 per annum equating to a low average rent of £24.09 per sq ft.
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Current WAULT of 5.78 years to lease expiry and 3.63 years to break options.
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A refurbishment programme has been undertaken by the current owner including comprehensive M&E works.
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57 car parking spaces (1:395) and approx. 400m to Park and Ride / Main Bus route.
- 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.
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