Freehold Retail Investment
Freehold Retail Investment
The property is situated in Wallingford’s historic town centre near the junction of the pedestrianised Market Place and St Mary’s Street. Nearby occupiers include Clarks Shoes, Lloyds TSB Bank, Boots the Chemist and Pizza Express Restaurant.
Freehold.
The property is situated in Wallingford’s historic town centre near the junction of the pedestrianised Market Place and St Mary’s Street. Nearby occupiers include Clarks Shoes, Lloyds TSB Bank, Boots the Chemist and Pizza Express Restaurant.
Freehold.
The properties comprise traditional retail units with ground floor retail accommodation and first and second floor ancillary accommodation above. In addition there is a small basement area.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The properties comprise traditional retail units with ground floor retail accommodation and first and second floor ancillary accommodation above. In addition there is a small basement area.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Address | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversions | |
|---|---|---|---|---|---|---|---|---|
| 53A | Ground First Second |
Retail Ancillary Ancillary |
43.66 sq m 38.93 sq m 44.13 sq m |
(470 sq ft) (419 sq ft) (475 sq ft) |
J E WICKENS t/a Rags in Bags | 5 years from 10/09/2013 | £18,500 (1) | 09/09/2018 |
| 53B | Ground First Second |
Retail Ancillary Ancillary |
36.23 sq m 36.60 sq m 37.81 sq m |
(390 sq ft) (394 sq ft) (407 sq ft) |
OXFAM (2) | 5 years from 19/09/2013 | £15,000 | 18/09/2018 |
| 53 | Basement (3) | Ancillary | CANE DEVELOPMENTS LIMITED | 10 years from 12/03/2009 | £1,000 | 11/03/2019 | ||
| Totals | 237.36 sq m |
(2,555 sq ft) |
£34,500 | |||||
(1) There is a rent free period for 8 months from 10/09/2013. The seller will pay the buyer the rent that would have been due in the absence of the rent free period. Therefore the property will produce £18,500 per annum exclusive from completion of the sale.
(2) Oxfam is a registered charity operating in 90 countries worldwide. It has 750 charity shops across the UK. (Source: www.oxfam.org). For the year ending 31/03/2013, Oxfam reported a total net worth of £55,900,000. (Source: www.riskdisk.com 11/11/2013).
(3) Accessed through and occupied by adjacent premises.
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