Nearby occupiers include Robert Dyas, Stead & Simpson, Barclays Bank, Caffe Nero and Mothercare
Lot 72
Auction 23rd October 2014
Rent £52,500 per Annum Exclusive
Status Sold
Price £425,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
23 miles north of Oxford, 36 miles south of Birmingham
Roads
A361, B4035, M40
Rail
Banbury Rail
Air
Birmingham Airport
Situation
The property is situated in a prime town centre location on the pedestrianised High Street, close to its junction with Broad Street. Nearby occupiers include Robert Dyas, Stead & Simpson, Barclays
Bank, Caffe Nero and Mothercare.
Tenure
Freehold.
Location
Miles
23 miles north of Oxford, 36 miles south of Birmingham
Roads
A361, B4035, M40
Rail
Banbury Rail
Air
Birmingham Airport
Situation
The property is situated in a prime town centre location on the pedestrianised High Street, close to its junction with Broad Street. Nearby occupiers include Robert Dyas, Stead & Simpson, Barclays
Bank, Caffe Nero and Mothercare.
Tenure
Freehold.
Description
The property comprises a three storey building with retail and ancillary ground floor accommodation and storage accommodation over first and second floors.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a three storey building with retail and ancillary ground floor accommodation and storage accommodation over first and second floors.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Retail/Ancillary Storage Storage
206.80 sq m 32.33 sq m 28.99 sq m
(2,226 sq ft) (348 sq ft) (312 sq ft)
THE WORKS STORES LIMITED (1)
15 years from 03/01/2003 on a full repairing and insuring lease
£52,500
02/01/2018
Totals
268.12 sq m
(2,886 sq ft)
£52,500
(1) For the year ending 28th April 2013, The Works Stores Limited reported a turnover of £122,781,000, pre-tax profits of £2,669,000 and a total net worth of £5,729,000. (Source: www.riskdisk.com 28/08/2014).
