24, 24a, 24b and 24c Market Square and 2a Manorsfield Road
Bicester
Oxfordshire
OX26 6AD

Freehold Retail (and Residential Ground Rent) Investment

  • Predominantly let to Finders Keepers Limited (a part of Countrywide Plc)
  • Finders Keepers rent agreed in 2017
  • Nearby occupiers include Pizza Express, Costa, Sainsbury's Local, Wilko and branches of NatWest, Barclays and HSBC banks
  • Prominent position in affluent Oxfordshire town
  • VAT-free Investment
  • Lot
    9
  • Auction
    14/Feb/2018
  • Rent
    £24,750 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 24, 24a, 24b and 24c Market Square and 2a Manorsfield Road<br>Bicester<br>Oxfordshire<br>OX26 6AD
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Property Information

Location
Miles
15 miles north of Oxford, 26 miles south-west of Milton Keynes
Roads
A34, A41, M40
Rail
Bicester North Railway Station, Bicester Town Railway Station
Air
London Luton Airport, London Heathrow Airport
Situation

Bicester is an attractive and affluent Oxfordshire market town, with excellent road and rail communications to Oxford and London. The property is situated on the northern side of Market Square, which connects to Sheep Street and London Road, in the heart of the town centre. Nearby occupiers include Pizza Express, Costa, Sainsbury's Local, Wilko and branches of NatWest, Nationwide, Barclays and HSBC banks, with WHSmith, Marks & Spencer Simply Food, Boots the Chemist and Iceland amongst other retailers represented within the town.

Tenure

Freehold.

Description

The property, which is Grade II listed, comprises a ground floor shop with four residential flats above, let on a long lease.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
GroundRetail/Estate Agent
97.70 sq m
(1,052 sq ft)
FINDERS
KEEPERS
LIMITED (1)
15 years from
08/01/2007
£24,25007/01/2022
First/SecondResidential – Four
Flats
-
(-)
24 MARKET
SQUARE
MANAGEMENT
LIMITED (2)
125 years from
25/03/2010
£50024/03/2135
Total Commercial Area
97.70 sq m
(1,052 sq ft)
  £24,750 

(1) Finders Keepers Limited are a part of Countrywide Group, who operate through companies including LSH,Hamptons and Propertywide. For the year ending 31st December 2016, Countrywide Plc reported a turnover of £723,970,000, pre-tax profits of £19,495,000 and a total net worth of £-242,511,000 (Sources: www.countrywide.co.uk and Experian Group 13/12/2017).
(2) The tenant sublets the flats on four subleases.

Property Documents

  • Site Plan
    Updated Date
    23.01.18
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    630 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
BBW Solicitors Broadway Chambers
Letchworth Garden City
SG6 3AD
Joanne Guest 01462 478 828j.guest@bbwlaw.biz

Useful Links

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