Begbroke is perfectly situated to take advantage of all the amenities of the City nearby, yet is within minutes of open countryside and also the historic Blenheim Palace.
London, UK (PRWEB UK) 28 November 2012
Following the exchange of contracts for the sale of The Priory with associated properties, in Begbroke, Oxfordshire for £3.35 million, Knight Frank’s specialist Institutional Property team has reached a new landmark for the sector - the team has now advised clients in excess of £750 million worth of charitable and institutional property assets in the past 12 months.
The Priory at Begbroke is a beautiful Grade II listed stone building, set in over 14 acres of grounds, and was purchased by the Community of St John Baptist over 10 years ago, again through Knight Frank’s Institutional team, with the charity subsequently undertaking an extensive and sympathetic refurbishment and restoration programme.
The building has been used as a priory and convent since 1897, up until the Sisters recently relocated to their new home in Oxford.
It is believed that the stone for the new house was taken during the Civil War from Blenheim Palace. Within the older, central part of The Priory there remains a 17th century building.
During the mid-18th century the house was enlarged and during the early and mid-19th century further re-fitting took place with further additions during the end of the last century.
In 1896 the 17th Century house was gifted to the Roman Catholic Servite Order and the building was reinvented as St. Philip's Priory.
Damian Gray, Partner, of Knight Frank Oxford, comments, “Begbroke is perfectly situated to take advantage of all the amenities of the City nearby, yet is within minutes of open countryside and also the historic Blenheim Palace.”
The new owners, who were represented in their purchase by Michael Little of Molyneux Rose, are a Charity and propose to use The Priory as a school.
Knight Frank’s Institutional Property team provides advice on property acquisitions, disposals and valuations, including Charities Act reports for all those with an interest in institutional property in the private, public and third sector.
Tom Scaife, Associate in Knight Frank’s Institutional Consultancy Department, who handled the sale says “The sale of Begbroke Priory represents one of a number of recent instances where we have successfully helped a charity relocate, having advised them over the course of a number of years. We are currently helping two other charities in London reorganise their property portfolio to ensure that they operate from premises ideally suited to their needs and at the same time realise the most from their valuable property holdings.”
Emma Cleugh, Head of Knight Frank’s Institutional Consultancy department, comments, “Given the Government’s continued expansion of the Free School programme, plus the growth in specialist retirement housing and pressure on the public sector to trim their property portfolios and the Government’s agenda to provide more housing, Knight Frank expects the institutional property sector in both the private and public sector to remain highly active for the next few years as these types of property are invariably very well suited to these types of uses and development.”
For further information, please contact:
Rosie Cade Residential Development PR Manager +44 (0)20 7861 1068 rosie(dot)cade(at)knightfrank(dot)com
Notes to Editors
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner, Newmark Knight Frank, operate from 242 offices, in 43 countries, across six continents. More than 7,067 professionals handle in excess of US$817 billion (£498 billion) worth of commercial, agricultural and residential real estate annually, advising clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit http://www.knightfrank.com.