Cherwell Valley Business Park
Banbury OX17 3AA

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 Significant business park 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 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 & corresponding parking (19,375 sq ft), to a diverse range of strong tenants including DX Freight, Volvo, Menzies, Amazon and Evolution Sport 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 2.31 years to expiries and 2.04 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 £994,858 per annum from a total let area of 301,470 sq ft of  covered space, yard space and concrete yard rentals, reflecting a low £3.30 per sq ft The site is held Freehold We are instructed to seek offers in excess of £12,000,000 (TWELVE MILLION POUNDS), subject to contract and exclusive of VAT.  A purchase at this level reflects a Net Initial Yield of 7.80% (assuming purchasers’ costs at 6.71%). The site is held Freehold by Cherwell Valley Business Park Ltd and is to be sold as a TOGC. 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.