GROVE TECHNOLOGY PARK, Wantage, OX12 9FF

Oxfordshire has a strategic position in the South East economy, being located within the Thames Valley.Southern Oxfordshire is recognised as an important and expanding cluster of the science and technology sector and is the focus of significant public and private sector investment. The region’s economic growth is supported by major infrastructure and housing projects.Wantage is located in south Oxfordshire, 17 miles south west of Oxford, 31 miles north west of Reading and 74 miles west of London and benefits from excellent communications.Grove Technology Park is one of a number of science and business parks serving the region, collectively known as Science Vale UK.The Park has been established for over 15 years and is set within a mature and well maintained landscaped environment comprising a total of approximately 170,000 sq ft of buildings and 15.2 acres of development land.Grove Technology Park benefits from a generous car parking provision.Freehold.Grove Technology Park provides business accommodation for over 60 companies and produces a combined total income of £685,734.04 pa.The rent reflects £5.89 psf overall which is low relative to recent lettings on the Park which have achieved £7.50 - £10.50 psf.Numerous asset management opportunities to increase the rental tone, enhance the income profile and improve the WAULT.Offers are sought in excess of £10,665,000 (Ten Million, Six Hundred and Sixty Five Thousand Pounds), subject to contract and exclusive of VAT.A purchase at this level reflects an attractive net initial yield of 8.50% on the net income exclusive of purchaser’s costs of 5.80% and a low capital value of £73 psf overall allowing £200,000 per acre on the development land.

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