Oxford Square, Newbury

The freehold interest in Oxford Square, Newbury, RG14 1JG, has been sold on behalf of a private client of Nightingale Partners.

The property comprises a development of three modern self-contained office buildings arranged around an attractive courtyard. The buildings provide a total net internal area of approximately 28,818 sq ft (2,677.2 sq m) and range in size from 6,116 sq ft to 12,267 sq ft.

The property is multi-let producing a total net income of £488,747 (£16.95 per sq ft overall), with the majority of the leases expiring or containing break options between March 2015 and January 2019. In addition the property houses a multi storey car park with 105 spaces at a ratio of 1 space per 274 sq ft.

The sale price was £4,375,000.