Industrial for sale in Cherwell Valley Business Park, Twyford, Banbury OX17, £12,500,000

12,500,000.00

Offer Nr.:
63772461
Type of ad:
for Sale
Property type:
Industrial
Contact name:
White Commercial
Phone(s):
01295 977930

* Freehold
**Key Points**
* Located between J10 and J11 of the M40 motorway
* Fully let, with the exception of The Old Twyford Mill
* A substantial land holding of 17. 5 Acres
* 3. 5 acres of land with development potential
* The site lies just a mile south of Tritax Symmetry’s ‘Central M40’ logistics park, home to Hello Fresh, Great Bear and Warburtons
* Following various lease regears a large proportion of the tenants have been on site for over 10 years
* Total marketing rent of £1, 051, 457 per annum from a total let area of 305, 070 sq ft of covered space, yard space and concrete yard rentals
**Description**
Significant land holding in the south east, comprising a diverse mix of
industrial and multi - let areas, open storage, traditional stone buildings and
developable sites throughout
**Executive summary
**
Cherwell Valley Business Park is located between J10 and J11 of the M40
motorway, the main arterial link between London and Birmingham. The A4260 is
also in close proximity
The site lies just a mile south of Tritax Symmetry’s ‘Central M40’ logistics
park, home to Hello Fresh, Great Bear and Warburtons
The park is fully let, with the exception of The Old Twyford Mill (13, 993 sq
ft), to a diverse range of strong tenants including Evolution Sport, Volvo,
Uniform Express and DX Freight
Following various lease regears a large proportion of the tenants have been on
site for over 10 years
Opportunistic income profile with a WAULT of 2. 11 years to expiries and 2. 01
years to breaks
Excellent opportunities to continue to develop many aspects of the site,
enhancing and building upon the vendors’ existing redevelopment and
modernisation programme
Extant planning permission for additional office building near the front of
the site, with janitor’s residence
3. 5 acres of land with development potential plus a 10, 000 sq ft 19th century
mill and cottage for renovation or redevelopment
A substantial land holding of 17. 5 Acres
Total marketing rent of £1, 051, 457 per annum from a total let area of 305, 070
sq ft of covered space, yard space and concrete yard rentals, reflecting a low
£3. 45 per sq ft
The site is held Freehold
**Location**
Location
Banbury town is expanding as a centre for the overspill population of Greater
London and is increasingly important for light industry and commerce. Its
expansion is largely due to Banbury being extremely well located just off
Junction 11 of the M40 between London and Birmingham. Its location,
approximately 74 miles north west of London and 46 miles south east of
Birmingham, provides a fast and direct route between the UK’s 2 largest
cities. The site is strategically positioned for distribution and logistics
use given its centralised location within the UK. The A43 trunk road can be
accessed via the A422 from Banbury, direct from the M40 motorway (Junction 10
) to the south. This provides a dual carriageway connection between the M1 and
M40 motorways, offering access to the East Midlands and North East, resulting
in easy access and distribution of goods for occupiers across the UK and
Europe. The business park is only 4 miles from Banbury station with good rail
connections providing frequent and direct rail services to Birmingham New
Street, Oxford, and London Marylebone.
**Situation**
The site occupies a prominent location off Twyford Road, close to junction 11
of the M40, a short distance away from Banbury town centre. The site lies just
a mile south of Tritax Symmetry’s ‘Central M40’ logistics park, home to Hello
Fresh, Great Bear and Warburtons. The site is positioned brilliantly for
distribution given its centralised location within the UK. Major arterial
routes such as the M40, A4260 and A43 are easily accessed from the business
park, resulting in easy access and distribution of goods for occupiers across
the UK and Europe.

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