Oxford Retail Park & Chiltern Business Centre Eastern By-Pass Road, Cowley, Oxford, OX4 6XJ

Prime retail warehouse and business centre investment with key occupiers including The Food Warehouse, M&S, Boots, Next, Burger King and Sports Direct, situated adjacent to an existing 68,000 sq ft Tesco foodstore plus Tesco petrol filling station.

Located opposite and benefitting from convenient vehicular and pedestrian access to the super prime Oxford Business Park / ARC Oxford and in close proximity to the world renowned Oxford Science Park.

Located approximately 3 miles south east of Oxford city centre fronting the A4142 Eastern Bypass Road at its junction with the B480 Cowley Road.

Oxford is one of the 3 primary limbs of the Golden Triangle for life sciences (Cambridge and London being the other 2). The site is situated between 2 primary nodes within Oxford City (Oxford Business Park and Oxford Science Park). Given the exponential growth of The Life Science and related Research and Development sectors, proximity to Oxford University (ranked no 1 globally), Churchill and John Radcliffe Hospitals, the Business and Science Parks, the asset offers unrivalled medium term redevelopment potential, subject to planning and vacant possession.

Adjoining the proposed railway station for the planned re-opening of the Cowley branch line anticipated in 2027, which will provide a train link to the city centre, and thereafter the South East, Midlands, Cambridge and London. Funding is now in place for the Oxford Central Rail redevelopment, which will facilitate this.

Effective freehold title with dedicated access onto both the Garsington Road and the existing estate road on a site of approximately 5.68 acres.

Subject to planning and vacant possession, we estimate that the site could deliver in the region of 300,000 sq ft (up to 8 storeys) NIA of fully Life Science enabled office space. Market based assumptions derive a land value of £14-18 million per acre.

Oxford City Council and Catalyst Housing are working in joint venture on circa 300 units at Blackbird Leys. Public consultation documents feature a new 12 storey tower. In addition, Brookfield are proposing a 14 storey tower at ARC (Oxford Business Park) on a greenfield site adjoining the junction of the A4142 and B480 Cowley Road. While neither currently have planning consent, this demonstrates that Oxford City Council is adopting a more flexible approach to the development of high buildings. This would suggest that our vertical massing on redevelopment for life sciences can be considered conservative.

Passing rent £1,364,591 per annum and estimated rental value £1,760,955 per annum.

We are instructed to seek offers in excess of £32,000,000 (Thirty Two Million Pounds), subject to contract and exclusive of VAT and costs of purchase at 6.80%.

A purchase at this level will show a net initial yield of 4% and a net reversionary yield of 5.11%. This reflects a land value per acre of £5.64 million.

Seeking offers subject to contract, reflecting 2 options; a ground rent at 0% per annum; and a ground rent at 5% per annum of rents received. See tenure summary and data side for further details.