Cherwell Business Village 4 Properties Offered at £7,000,000 in Banbury

Cherwell Business Village comprises 15.89 Acre Business Park situated in Banbury, Oxfordshire at J11 of the London to Birmingham M40. The site is situated to the north of Banbury off the Southam Road opposite Logicor’s logistics park which includes tenants Amazon, The Entertainer and DCS and north of Beaumont Road Estate which includes occupiers such as Magna, Keter, Tibbets Group together with a Tesco Super Store, Banbury Cross Retail Park, Aldi and McDonalds. The business park has a diverse range of tenants (74 total) with an opportunistic income profile with excellent prospects of continuing development of many aspects of the site. The total current net income of £725,508 per annum exclusive from a total let area of 95,973 sq ft of covered space reflecting a net rental of circa £7.58 per sq ft overall. The site is available Freehold subject to the various leases. The main Estate and Accommodation comprising 95,973 sq ft is situated on 8.42 acres with the remaining site area totalling 7.47 acres. We are instructed to seek offers in the region of £7 million subject to contract and plus VAT. A purchase at this level reflects a gross yield of 10.3%.