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Fiera Real Estate Global
Fiera Real Estate Canada

265-279 Iffley Road, Oxford

Image for 265-279 Iffley Road, Oxford

Type of deal: Investment

Vendor: Private

Purchaser: Wrenbridge Land

Size: 30,000 sq ft

Value: £7m

NIY: 5.34%


I selected the sale of 265-279 Iffley Road, which exchanged just before Christmas, as my most significant transaction principally due to the strength of the figure achieved. It is indicative of the continuing attracted of Oxford to developers and investors.

In a year that witnessed record investment transactions, Oxford, and Oxfordshire as a whole, have enjoyed their fair share of activity, with trophy assets such as the Randolph Hotel changing hands for a reported £33m, and the likes of 1-9 Oxford Business Centre and Fenchurch Court achieving well above guides.

The Iffley Road site, which comprises a mixed-use garage and residential investment, comes with income until 2022. As well as being underpinned by that medium-term income, it offers potential for future development, most likely student housing. These combined features make it a rarity as an investment in Oxford – and contributed to the strength of the price achieved.

Author: Elaine Cavanagh – Estates Gazette

Link: iffley road