Modern Retail Investment
Modern Retail Investment
The property is situated in a prominent town centre location in a thriving and affluent town on the outskirts of Oxford. Nearby occupiers include Lloyds Pharmacy, the Giles Shopping Centre, HSBC and Thomas Cook. RAF Brize Norton is close by, which acts as the UK headquarters of Transport Command.
Long Leasehold. held from West Oxfordshire District Council for a term of 99 years,from 17th May 1979,let at a peppercorn rent
The property is situated in a prominent town centre location in a thriving and affluent town on the outskirts of Oxford. Nearby occupiers include Lloyds Pharmacy, the Giles Shopping Centre, HSBC and Thomas Cook. RAF Brize Norton is close by, which acts as the UK headquarters of Transport Command.
Long Leasehold. held from West Oxfordshire District Council for a term of 99 years,from 17th May 1979,let at a peppercorn rent
The property comprises a single story retail unit in a prominent town centre location.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a single story retail unit in a prominent town centre location.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
Floor |
Use |
Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail |
1,107 sq m |
(11,293 sq ft) |
THE FACTORY SHOP LTD (t/a Original Factory Shop) (1) |
15 years from 09/09/2011 until 2026 (2) (3) | £70,000 | 09/09/2016 and 08/09/2021 |
| Totals | 1,107 sq m |
(11,293 sq ft) |
£70,000 | ||||
(1) For the year ending 27th March 2011, TheFactoryShop Ltd reported a turnover of £136,092,000, pretax profits of £9,760,000 and a total net worth of £24,137,000. (Source:www.riskdisk.com20/09/2011)
(2)Under the terms of the lease there is a fixed uplift to £79,198 per annum on the 9th September 2016 and a fixed uplift to £89,605 per annum on the 9th September 2021.
(3) The occupational lease provides for a rent free period from 9th September 2011 to 8th December 2012. The seller will 'top up' the rent so that the property will effectively produce £70,000 p.a.x. from completion of the sale.
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