Let to Rexel UK Limited until May 2030 (no breaks)
Rent increased at May 2025 review
Tenant June 2025 break option not exercised
Approximately 526.33 sq m (5,665 sq ft)
Established Trade Counter and Industrial Estate location adjacent to A40
Nearby occupiers include Travis Perkin, Howdens, Toolstation, Screwfix, Royal Mail, B&Q and Jewson
Lot 21
Auction 30th October 2025
Rent £56,208 per Annum Exclusive
Status Available
Guide* £750,000
Sector Trade Counter/Builders Merchants
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles west of Oxford, 14 miles south of Chipping Norton, 60 miles north-west of London
Roads
A40, M40
Rail
Hanborough Railway Station, Oxford Railway Station
Air
London Heathrow Airport
Situation
The property is situated in the well established Witan Park Industrial Estate, immediately adjacent to the A40 and some 10 miles west of Oxford. Nearby occupiers include Travis Perkin, Howdens, Toolstation, Screwfix, Royal Mail, B&Q and Jewson.
Tenure
Freehold.
Location
Miles
10 miles west of Oxford, 14 miles south of Chipping Norton, 60 miles north-west of London
Roads
A40, M40
Rail
Hanborough Railway Station, Oxford Railway Station
Air
London Heathrow Airport
Situation
The property is situated in the well established Witan Park Industrial Estate, immediately adjacent to the A40 and some 10 miles west of Oxford. Nearby occupiers include Travis Perkin, Howdens, Toolstation, Screwfix, Royal Mail, B&Q and Jewson.
Tenure
Freehold.
Description
The property comprises a ground floor trade counter/warehouse together with mezzanine and first floor. The site benefits from a customer car parking area to the front of the building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor trade counter/warehouse together with mezzanine and first floor. The site benefits from a customer car parking area to the front of the building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First Mezzanine
Trade Counter Ancillary Ancillary
531.43 15.92 38.23
(5,720) (171) (412)
REXEL UK LTD (1)
10 years from 22/05/2020
£56,208.75 (2)
Total
585.58
(6,303)
£56,208.75
(1) Rexel is an electrical wholesaler operating from over 200 stores across the UK (www.rexel.co.uk). For the year ending 31/12/2023 Rexel UK Limited reported a Turnover of £705,134,000, a Pre-Tax Profit of negative £9,730,000 and a Shareholders Funds of £165,973,000 (NorthRow). (2) The rent increased at the May 2025 rent review. N.B. The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
