Commercial property For Sale
Prominent South East Office Investment, Lloyds Bank, Banbury Cross Business Park, 1 Brookhill Way, Banbury, Oxfordshire
Property > Commercial > Property For Sale
Summary
Prominent location off Junction 11 of the M40, providing direct access to the national motorway network
Freehold
A modern detached office building totalling approximately 31,003 sq ft (2,880 sq m)
Excellent on-site car parking ratio of 1:169 sq ft
Let jointly to Lloyds Bank Commercial Finance Limited and Lloyds Bank Plc, an undoubted covenant
Lease expiry 12 December 2025, Tenant break December 2020
Current income of £539,682 per annum (£17.65 per sq ft overall, assumes half rate for reception area and access lobby)
Asset management opportunities include potential for removal of tenant's break option
Offers are sought in excess of £5,785,000 subject to contract and exclusive of VAT, reflecting a net initial yield of 8.75%, assuming purchaser's cost of 6.62%, and a capital value of £186.60 per sq ft
Gallery
Done
Transport
Airport
Bus Station/Stop
Tube Station
Train Station
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