Unit 1B Banbury Office Village

Opportunity to acquire a modern office let to two tenants on an established office park with an attractive yield and future rental growth potential.

• Located at Banbury Office Village, which is just off Southam Road (A453), providing convenient access to Banbury Town Centre and the M40 Motorway.
• Modern, terraced, 2 storey office of steel frame construction with brick cladding and pitched roof.
• Generous clear ceiling heights of 2.7meters with suspended ceilings, feature recessed LED lighting, comfort cooling, fully raised access floors and a phone entry system.
• Let to two tenants, producing a rental income of £42,060 per annum, equating to £14.49 per sq. ft overall.
• Held on a 999 year long leasehold interest at a peppercorn ground rent.

We are seeking offers in excess of £475,000 (Four Hundred and Seventy Five Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 8.46% assuming purchases costs of 4.6% and a low capital value of £163 per sq ft.