BUXTON COURT, OXFORD
ACRE Capital Real Estate, acting on behalf of Martins Properties, have advised on the off-market investment acquisition of Buxton Court, Oxford, a newly-refurbished, Grade-A office single-let to Oxford University s Innovation division. The property was acquired from Aviva Investors for a price of 6,625,000, reflecting a net initial yield of 5.43% and a low capital value of 336 per sq ft.
The property produces a total passing rent of 383,916pa., reflecting a low average overall rent of 19.50 per sq ft and has a WAULT of 12.65 years to expiries and 7.65 years to breaks.
Location: Buxton Court, Oxford
Property Type: Office
Transaction Type: Acquisition
Client: Martins Properties
