Allsop sells Oxford Trade Park for sub-6% yield

September 6, 2011

evolve Fund Services Ltd has sold the Oxford Trade Centre, Cowley to The BBC Pension Trust.

The sale completed in August 2011 at a price of £4.67m reflecting a net initial yield of 5.98%.

The six-unit scheme was built in 2005 and totals 21,901 sq ft. It was fully let off plan. Tenants now include Bathstore.com, Topps Tiles and Halfords Autocentres (leases c9.5 years to expiry with reviews outstanding).

Allsop represented evolve Fund Services Ltd; The BBC Pension Trust was advised by CBRE.

 


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