Carter Jonas, acting on behalf of Jennings of Garsington Ltd, has sold Monument Business Park in Chalgrove, Oxfordshire.

The established multi-let, mixed-use estate has been acquired by Wulff Capital Holdings, for an undisclosed sum.

Strategically located eight miles south east of Oxford, Monument Business Park offers a total of 163,357 sq ft of commercial space, comprising 123,580 sq ft of industrial accommodation, 37,774 sq ft of offices, 2.5 acres of open storage, as well as seven residential units, and 2.83 acres of development land, spread across approximately 20.7 acres. The site is home to over 80 businesses and has consistently maintained an occupancy level of over 95%.

Having been under the same ownership since its establishment in the late 1970s, Monument Business Park has undergone significant improvements and extensions over the years. Its meticulously landscaped grounds feature a dedicated management team, outdoor gym, cafe, and ample parking, providing an ideal environment for businesses to thrive. The park boasts an average length of occupation of 14.9 years, with several tenants having been part of the community for over three decades.

David Revill of Wulff Capital Holdings, said: “We are delighted to have secured this asset. It fits into our investment strategy very well, as it affords ample opportunities for positive asset management, and planning/development opportunities. It was a pleasure dealing with Carter Jonas and the Jennings family during the acquisition process.” 

Jon Silversides, Partner, Commercial, Carter Jonas (Oxford), said: "This transaction underscores the appeal of commercial developments such as this in Oxfordshire and the confidence that investors have in the region's potential for long-term growth. The park provides Wulff Capital Holdings with an excellent opportunity to further enhance and build upon the site’s longstanding legacy while providing a conducive environment for its existing and future occupants to prosper."

Freeths LLP advised Jennings of Garsington Ltd. Harrison Clark Rickerbys advised the purchaser.