Newman Court, Range Road, Witney, OX29 7LY

Newman Court comprises a self-contained light industrial estate, estimated to have been constructed in the mid-1980s. The units are of portal frame construction with part brickwork and part profile metal elevations under corrugated pitched roofs.

The self-contained yard area is of concrete construction.

The estate is configured to provide eleven units arranged across two terraces. The units range in size from 800 sq ft to 1,170 sq ft (GIA), providing ideal starter unit accommodation.

The total GIA of the estate is 11,560 Sq.ft / 1,073.96 Sq.m on a site of 0.934 acres, providing a low site coverage of approximately 30%.

Witney is an affluent Oxfordshire market town on the edge of the Cotswolds with excellent access to the A40. The town’s connectivity and proximity to Oxford make it a popular commuter location, with an extensive catchment and consumer base.

Newman Court is situated in Witney’s main industrial area, to the west of the town centre, and benefits from a broad mix of industrial warehouse and logistics occupiers.

The property is located on Range Road close to its junction with Downs Road which in turn leads to the A40, approximately half a mile to the south.

Newman Court’s immediate proximity to the A40 means that 1.3 million households and a population of 3.1 million can be reached within a 60-minute drive time.

The areas connectivity and nearby amenity has helped establish Witney as one of West Oxfordshire‘s key commercial destinations.

We are instructed to seek offers in excess of £1,780,000 (One Million Seven Hundred and Eighty Thousand Pounds) subject to contract. A purchase at this level would reflect an attractive net initial yield of 7.0% and a low capital value of £154 per Sq.ft, assuming purchaser’s costs of 6.21%.