Fenchurch Court, Bobby Fryer Close, OxfordPosted on November 7, 2014
In December 2014 Clay Street sold the freehold interest Fenchurch Court Industrial Estate on behalf of BHS Pension Trust, clients of CBRE Global Investors.
The estate comprises 13 units extending to located in the suburb of Cowley, Oxford’s main industrial region, adjacent to the A4142, Eastern Bypass.
With 13 industrial/business units providing a total of approximately 18,248 sq ft (1,695.28 sq m) of commercial accommodation.
Let to 6 tenants on a range of lease terms with a weighted average unexpired lease term of 7.75 years to expiries and 3.20 years to breaks.
The asset was acquired by clients of Savills IM for a sum of £2.745m reflecting NIY of 6.50%.