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Thame

St Andrews Court OX9 3WT

Status: Sold

Date: 22 September, 2022

Type: Offices

Town Centre Office with Permitted Development Consent

In Q4 2023 Joiner Cummings acted for Paloma Capital on the sale of St Andrews Court, Thame which sold to a local residential developer for conversion.

  • Town centre office building located in the highly attractive Oxfordshire town of Thame.
  • Within 150m walk of upper high street and key town centre retail and food and beverage provision.
  • Six self-contained office units, totalling 16,724 sq ft, vertically split and providing excellent business units. Substantial parking provision.
  • Annual income of £234,368 pa, reflecting a low rent of £14.01 psf.
  • Excellent refurbishment potential in a centre with a severe lack of office provision.
  • WAULT of 1.46 years to expiry and 1.13 years to break.
  • Prominent 0.68 acre freehold site.
  • Affords excellent potential to convert to residential (PD consents secured) with a highly efficient Gross to Net conversion.
  • Redevelopment potential for alternative uses including residential, retirement living, or healthcare uses subject to planning.
  • Short term vacant possession achievable