UK: Global real estate advisor CBRE has been appointed by the Westgate Partnership to promote Oxford Fort Quarter for provides in extra of £30.94 million.
The Oxford Fort Quarter contains a 95-bedroom lodge operated below the Malmaison brand, and 39,134 sq. toes of leisure items. The property is totally let with a weighted common unexpired lease time period (WAULT) of 14.8 years.
The positioning dates again to 1071 when it operated as a Royal Fort. After serving as a jail between 1785 and 1996, the property underwent a conversion and was first opened as a lodge and leisure complicated in 2006. The event retains its architectural options.
Joe Hankin, senior director of capital markets at CBRE UK, stated: “There are seldom alternatives to amass belongings as distinctive as Oxford Fort Quarter, which provides a long-let lodge and leisure funding alternative positioned in Oxford’s metropolis centre. This market is especially sturdy and attracts important funding from world capital, which is able to seemingly assist numerous investor curiosity in Oxford Fort Quarter.”
Highlights:
- Oxford Fort Quarter has been delivered to market by CBRE on behalf of the Westgate Partnership, with provides sought above £30.94 million.
- The property features a 95-room Malmaison lodge and 39,134 sq ft of totally let leisure items, with a WAULT of 14.8 years.
- The positioning dates again to 1071, having served as a Royal Fort and later a jail earlier than its conversion right into a lodge and leisure complicated in 2006.
- CBRE expects sturdy curiosity from world buyers.
