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West End Industrial Estate 7,300 SF Industrial Condo Unit Offered at $903,908 CAD in Witney OX28 1UB
Investment Highlights
- Current rent roll of £37,320pa
- Historically low vacancy rates
- Established commercial location
- Ability to increase returns through letting of Unit 5
- Fully let with one owner occupied unit
- Rare freehold opportunity
Executive Summary
The property is of masonry construction under a part flat, part pitched felt roof. Internally the property is arranged to provide seven lock up units with concrete flooring, bare walls and exposed ceilings with surface mounted lighting. Each unit benefits from a roller shutter door to the front elevation with the exception of Unit 5 which has a sliding loading door. All units benefit from a WC with the exception of Unit 5. There is an opportunity to increase returns and create new rental evidence through the letting of Unit 5 which is owner occupied, but will be vacated upon completion. Strategically located on the A40 approximately 12 miles west of Oxford, Witney is an attractive market town, offering good communications on both a local and national level. Witney has become an established commercial location and is expected to undergo further expansion over the coming years. Within Witney itself, the subject premises are situated in the heart of the town between West End and Bridge Street. The property is accessed from West End. We understand the property is prone to flooding although flood defences have been installed around the estate. The most recent flooding event took place in November 2024.
Property Facts
| Total Building Size | 19,097 SF | Typical Floor Size | 19,097 SF |
| Property Type | Industrial (Condo) | Year Built | 1975 |
| Property Subtype | Service | Lot Size | 1.52 AC |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Floors | 1 |
| Total Building Size | 19,097 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Service |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 19,097 SF |
| Year Built | 1975 |
| Lot Size | 1.52 AC |
| Parking Ratio | 2.51/1,000 SF |
Amenities
- Security System
- Signage
- Storage Space
Utilities
- Lighting - Fluorescent
1 Unit Available
Unit 5-10
| Unit Size | 7,300 SF | Sale Type | Investment |
| Price | $903,908 CAD | Tenure | Freehold |
| Price Per SF | $123.82 CAD | Cap Rate | 7.54% |
| Condo Use | Industrial | NOI | $68,149.15 CAD |
| Unit Size | 7,300 SF |
| Price | $903,908 CAD |
| Price Per SF | $123.82 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.54% |
| NOI | $68,149.15 CAD |
Description
Multi-let industrial estate within the market town of Witney.
The property is of masonry construction under a part flat, part pitched felt roof. Internally the property is arranged to provide seven lock up units with concrete flooring, bare walls and exposed ceilings with surface mounted lighting. Each unit benefits from a roller shutter door to the front elevation with the exception of Unit 5 which has a sliding loading door.
All units benefit from a WC with the exception of Unit 5.
Sale Notes
The freehold interest is available for sale. Full tenancy details can be provided on
request
Presented by
West End Industrial Estate
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