Multi-let industrial estate with long-term redevelopment potential

Opportunity to acquire a high yielding, mission critical, multi-let industrial estate with significant long-term redevelopment potential (subject to planning). Banbury is strategically located at Junction 11 of the M40, centrally situated between London and Birmingham. The property forms a prominent part of the Beaumont Industrial Estate, less than 1.5 miles to the west of Junction 11 of the M40 and is easily accessed via the A423. The property comprises three detached buildings and provides a total floor area of 472,910 sq ft (43,935 sq m). Large regular shaped site totalling 17.75 acres (7.18 hectares). The property has a marketing rent of £2,436,000 p.a. reflecting a low £5.15 per sq ft. Low passing rent with prime rents in Banbury now in excess of £9.50 per sq ft. Magna and Keter have expressed interest in extending their term, demonstrating the tenants’ commitment to the units. EPC Rating of C & B. Mission critical manufacturing facilities with both tenants having invested significantly into their units.