Volvo MG Oxford - Final - Sept 22 (2)
Volvo MG Oxford - Final - Sept 22

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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