Units -10 The Acre Estate, Wates Way, Wildmere Industrial Estate, Banbury, OX16 3ES
Sale of a multi let industrial estate investment in Banbury.
Acting on behalf of CBRE GI, the sale of a multi let industrial estate investment on the established Wildmere Industrial Estate in Banbury. The scheme lies just off Junction 11 of the M40.
The estate totalled 51,664 sqft in a terrace of six units. The estate was fully let to three tenants on five leases. The total passing rent, including rental top ups was £296,250 per annum. Rents ranged from £5.29 – £6.23 per sqft.
There was strong competition for the estate from a number of funds and property companies.
The purchaser was a Columbus Capital, who paid a price of £3,330,000, reflecting a net initial yield of 8.4%. Buchanan Bond acted for the purchaser.
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