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West End Industrial Estate 7,300 sq ft Industrial Unit Offered at £495,000 in Witney OX28 1UB
Investment Highlights
- Current rent roll of £37,320pa
- Historically low vacancy rates
- Established commercial location
- Ability to increase returns through letting of Unit 5
- Fully let with one owner occupied unit
- Rare freehold opportunity
Executive Summary
The property is of masonry construction under a part flat, part pitched felt roof. Internally the property is arranged to provide seven lock up units with concrete flooring, bare walls and exposed ceilings with surface mounted lighting. Each unit benefits from a roller shutter door to the front elevation with the exception of Unit 5 which has a sliding loading door. All units benefit from a WC with the exception of Unit 5. There is an opportunity to increase returns and create new rental evidence through the letting of Unit 5 which is owner occupied, but will be vacated upon completion. Strategically located on the A40 approximately 12 miles west of Oxford, Witney is an attractive market town, offering good communications on both a local and national level. Witney has become an established commercial location and is expected to undergo further expansion over the coming years. Within Witney itself, the subject premises are situated in the heart of the town between West End and Bridge Street. The property is accessed from West End. We understand the property is prone to flooding although flood defences have been installed around the estate. The most recent flooding event took place in November 2024.
Property Facts
| Total Property Size | 19,097 sq ft | Typical Floor Size | 19,097 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1975 |
| Property Subtype | Service | Total Plot Size | 1.52 ac |
| Costar Property Class | C | Parking Allocation | 2.51/1,000 sq ft |
| Floors | 1 |
| Total Property Size | 19,097 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Service |
| Costar Property Class | C |
| Floors | 1 |
| Typical Floor Size | 19,097 sq ft |
| Year Built | 1975 |
| Total Plot Size | 1.52 ac |
| Parking Allocation | 2.51/1,000 sq ft |
Amenities
- Security System
- Signage
- Storage Space
Utilities
- Lighting - Fluorescent
1 Unit Available
Unit 5-10
| Unit Size | 7,300 sq ft | Sale Type | Investment |
| Price | £495,000 | Tenure | Freehold |
| Price Per sq ft | £67.81 | Net Initial Yield | 7.54% |
| Unit Use | Industrial | NOI | £37,320 |
| Unit Size | 7,300 sq ft |
| Price | £495,000 |
| Price Per sq ft | £67.81 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.54% |
| NOI | £37,320 |
Description
Multi-let industrial estate within the market town of Witney.
The property is of masonry construction under a part flat, part pitched felt roof. Internally the property is arranged to provide seven lock up units with concrete flooring, bare walls and exposed ceilings with surface mounted lighting. Each unit benefits from a roller shutter door to the front elevation with the exception of Unit 5 which has a sliding loading door.
All units benefit from a WC with the exception of Unit 5.
Sale Notes
The freehold interest is available for sale. Full tenancy details can be provided on
request
Presented by
West End Industrial Estate
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