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Countrywide Store, Colebrook House, Duckilington L, Witney, Witney, OX28 5JH
20,069 Sq Ft / Industrial
Withdrawn - Last updated: 15 April 2023
Opportunity to acquire a detached retail warehouse totalling 20,069 sq ft (GIA), situated in an excellent position just off the A40 main arterial road between Oxford and Cheltenham.Single let to Countrywide Farmers PLC for a term of 31 years expiring in October 2032 at a headline rent of 193,167 per annum, equating to 9.63 per sq ft.Benefits from fixed 5 yearly rental increases.2016: 193,167 pa - 6.50% NIY2021: 218,551 pa - 7.33% RY2026: 247,270 pa - 8.29% RY2031: 279,764 pa - 9.37% RYWAULT of 16.2 years to expiry. 100% of the income is secured to a national covenant with a Low risk of business failure.Freehold. We are instructed to seek offers in excess of 2,800,000 (Two MIllion Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 6.50%, assuming purchasers costs of 6.48%.
Location
Countrywide Store, Colebrook House, Duckilington Lane, Witney, Witney, Witney , OX28 5JH, Oxfordshire, South East
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