100% Prime Freehold Investment

• Oxford is a world-renowned University City known for its rich history and one of the UK’s most affluent catchments.
• Oxford is not only a centre of academic excellence but also a thriving business hub. Science and technology in particular is a booming industry for the area supported by an exceptionally highly qualified workforce.
• An attractive and prominent double-fronted building in a 100% prime location on Queen Street.
• The entire property is let to the undoubted covenant of Nationwide Building Society for a further 14.6 years to expiry (9.6 years to break).
• Current net income: £462,000 per annum.
• Positive rental growth story on Queen Street following a reduction in supply including the proposed repurposing of the Clarendon Centre.
• Future potential to convert the unused upper floors to alternative use, subject to vacant possession and planning.
• Freehold.

Proposal

We have been instructed to seek offers in excess of £6,420,000 (Six Million Four Hundred and Twenty Thousand Pounds), subject to contract. A purchase at this level would reflect a Net Initial Yield of 6.75% assuming standard purchaser’s costs.