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 14th February 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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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
Retail/Estate Agent
97.70 sq m
(1,052 sq ft)
FINDERS KEEPERS LIMITED (1)
15 years from 08/01/2007
£24,250
07/01/2022
First/Second
Residential – Four Flats
-
(-)
24 MARKET SQUARE MANAGEMENT LIMITED (2)
125 years from 25/03/2010
£500
24/03/2135
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.
