Beaumont House & Finance House, Beaumont Road, Banbury, OX16 1RH

High Yielding Multi let Office Investment with Future Development Potential

Highly prominent 2.13 acre site suitable for redevelopment and ideally located 1.4 miles from junction 11 of the M40.  The site provides significant potential given the close proximity to Banbury town centre and Banbury Cross Retail Park for a residential scheme.  Alternatively as it is situated adjacent to Beaumont Industrial Estate it would especially suit a prime trade counter or logistics scheme.

Investment Summary
• Beaumont House and Finance House are two prominent office buildings located to the north of Banbury town centre  adjacent to the popular Banbury Cross Retail Park
• The property comprises two self contained office buildings totalling 41,803 sq ft (3,883.63 sq m) on a large rectangular site of 2.13 acres
• The properties are multi let to 13 tenants with a total guaranteed rent of £451,403 per annum (£10.80 psf)
• The current tenancies produce a WAULT of 2.08 years to expiries
• Based on an ERV of £12.50 –£13.50 psf , the buildings have a reversionary rent of £571,921 per annum
• There are 247 car parking spaces providing an excellent car parking ratio of 1:169 sq ft
• The site is located in Banbury, an affluent commercial hub in north Oxfordshire
• Banbury also sits within the Oxford Cambridge Arc , a globally significant area of investment
• The site has strong future alternative use and development potential subject to planning
• Low site cover of 15%
• The properties are held freehold

Our client is seeking offers in excess of £4,100,000 (Four Million, One Hundred Thousand Pounds) subject to contract and exclusive of VAT.  This reflects an attractive net initial yield of 10.33% and a reversionary yield of 13.09% based on our assumption of ERV, assuming purchaser’s costs of 6.54%. The sale price reflects a low capital value of £98 psf.

Beaumont House is set over ground and five upper floors offering easily divisible floor plates of approximately 3 325 sq ft.  The property provides a total net internal area of 19 951 sq ft.  The third floor of the building was recently refurbished  in 2020 to provide smaller serviced offices and meeting rooms which are available to tenants on flexible terms.

The property benefits from:

• Reception
• Air Conditioning
• Suspended ceilings
• Perimeter trunking
• Cat 5 Network points
• 8 person passenger lift
• WC’s on each floor
• 120 car parking spaces 1 166 sq ft).

Finance House is set over ground and three upper floors offering easily divisible floor plates of approximately 5 463 sq ft.  The property provides a total net internal area of 21 852 sq ft.  Lloyds Bank Commercial Finance Ltd have extensively fitted out their respective floors, with the landlord also having recently undertaken refurbishments to the vacant third floor and ground floor reception area.

The property benefits from the following office specification:
• Remodelled reception
• New boilers
• Suspended ceilings
• Raised access flooring with carpet tiles
• Air conditioning
• EV charging points
• Rooftop solar panels (tenant improvement)
• New passenger lift with access to all floors
• 127 car parking spaces 1 172 sq ft).

Beaumont House and Finance House are prominently situated just off the Southam Road (A423) with access via  Beaumont Road. The A423 provides direct access to Banbury town centre which is 1.4 miles to the south.  The immediate vicinity comprises a mix of residential, retail, industrial and office uses. Within walking distance of the property is Banbury Cross Retail Park with retailers such as Home Bargains, Currys and Tesco and Beaumont Industrial Estate with occupiers such as Jewson, Keter and Magna.

Banbury is an expanding commercial hub in north Oxfordshire . It is located 41 miles southeast of Birmingham , 23 miles north of Oxford and 71 miles northwest of Central London . It’s prominent location within the ‘growth corridor’ and  proximity to these major UK cities make it extremely desirable both commercially and residentially.  The town is a key location, particularly for the technology, motorsport and automotive engineering sectors given its close proximity to  Silverstone, the home of F1.

Banbury also sits in the heart of the Oxford-Cambridge Arc. This is one of the fastest growing economies in England and has been described as a globally significant area of investment by the UK government. The Arc has attracted a number of world leading research and development centres and is becoming the epicentre of the life sciences sector which has  contributed £2.9 million to the UK economy.

  • Size (sq ft)
  • 41803
  • Property Type
  • Investment
  • Tenure
  • For Sale
  • Availability
  • Available
  • Address
  • Beaumont House & Finance House, Banbury, Oxfordshire, OX16 1RH
  • Value
  • Offers in excess of £4,100,000

Arrange a viewing and contact us:

Chris White

01295 271000

07990 527551

Harvey White

01295 271000

07399 197464

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