Status: Available
Terms: For Sale
Price: £5,385,000
Yield: 5%
171-173 Cumnor Hill, Oxford OX2 9PL
- Prominent location within an affluent and extensive catchment
- Located in the golden triangle of UK science with strong long term growth prospects
- Purpose built car dealership facility providing two showrooms with dedicated parking totalling c. 27,372 sq ft (2,543 sq m)
- Substantially underwritten by the residual values of alternative use (STPP)
- Low passing rent of £287,500 per annum, equating to £9.41 psf, when compared to alternative technology/industrial rents which are achieving up to £24 psf in the area
- Low site coverage of 32%
- Site area of 1.43 acres (0.58 ha)
- Approximately 16.25 years unexpired
- Rent reviewed to higher of OMRV or RPI 1% and 3% per annum
- Freehold
- Let to Waylands Automotive Limited trading as the established nationwide brands Volvo and MG
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