Under Offer

Safety House and Unit 13, Hanborough Business Park, Oxfordshire

17,000 Sq Ft
£2,250,000
  • Ref: 367139
  • Type: Industrial, Investment, Office
  • Availability: Under Offer
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Property Features

  • Offers over £2,250,000
  • NIY of 8.00% assuming standard purchasers costs
  • Low Capital Value of £132 psf
  • Passing Rent £192,000 pa (£11.29 psf)
  • Opportunity for asset managment via upcoming rent reviews

Property Summary

Secure long let commercial investment in Oxfordshire

Full Details

Units 11 & 12, known as Safety House, and Unit 13, are modern buildings comprising office and industrial accommodation. Safety House includes the central office block, laid out for the tenants testing, teaching and office requirements with adjoining light industrial space used for their teaching and offering useful and highly popular hybrid accommodation. Unit 13 is laid out as a showroom, office and storage accommodation for the tenants ReCare. The units benefit from a generous parking allocation of 61 spaces.

Safety House (Units 11 & 12)
Tenant: Safety Services (U.K.) Limited
Term: 20 years ending 20th July 2036
Rent: £144,000 pa (£11.77 psf)
Rent Review: 21 July 2026 and every third anniversary

Unit 13
Tenant: Recare Limited
Term: 8 years ending 24th November 2032
Rent: £48,000 pa (£10.07 psf)
Rent Review: Every third anniversary
Break: Mutual Break Option on 24 November 2029

Location
Situated on the A4095 approximately 7 miles north west of Oxford, Long Hanborough provides a strong and well regarded regional business centre with good access to Oxford. Long Hanborough also benefits from a train station on the Worcester to London mainline with regular access to Oxford and London.

Terms
The Freehold interest in the property is available, subject to contract and the existing tenancies, for £2,250,000 exclusive of VAT

Fitting Information
Not Fitted

Available Area

Name/FloorSq FtSq MAvailability
g Unit 133,528327.76Occupied
1st Unit 131,239115.11Occupied
g Safety House5,198482.91Occupied
g Safety House - Warehouse1,896176.14Occupied
1st Safety House5,139477.43Occupied
Total17,0001,579.35