10 Sheep Street
Bicester
Oxfordshire
OX26 6JZ

Freehold Retail Investment with Residential Conversion Potential

  • Entirely let to Coral Racing Limited until 2024 (no breaks)
  • Affluent and attractive Oxfordshire town
  • Includes a substantial yard at the rear used for parking
  • Residential Conversion Potential of the upper floors (Subject to consents)
  • Neighbouring occupiers include HSBC, Costa, Lloyds Bank, Iceland and Santander
  • Lot
    20
  • Auction
    16/Jun/2021
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £625,000 - £650,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On behalf of Receivers Savills
  • 10 Sheep Street<br>Bicester<br>Oxfordshire<br>OX26 6JZ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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 and home to Bicester Village, a leading luxury shopping destination. The property is situated on the northern side of Sheep Street, which connects to Market Square and London Road, in the heart of the town centre. Neighbouring occupiers include HSBC, Costa, Lloyds Bank, Iceland and Santander.

Tenure

Freehold.

Description

The property, a attractive Grade II listed period building, comprises ground floor retail accommodation with first and second floor ancillary accommodation, a basement used for storage and a substantial yard at the rear, used for parking, accessed via Backway Road. The property may benefit from future residential conversion of the upper floors. (Subject to consents).

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
Ground
First
Second
Basement
Retail
Ancillary
Ancillary
Storage
217.90 sq m
89.90 sq m
62.00 sq m
43.00 sq m
(2,345 sq ft)
(968 sq ft)
(667 sq ft)
(463 sq ft)
CORAL RACING
LIMITED (1)
10 years from
24/06/2014
£75,00023/06/2024
Total
412.80 sq m
(4,443 sq ft)(2)
  £75,000 

(1) Ladbrokes operate from over 3,500 shops across England, Wales and Scotland under the Ladbrokes and Coral brands (www.ladbrokescoralplc.com).
(2) The above floor areas have been published by the Valuation Office Agency at www.voa.gov.uk.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    07.06.21
    File Size
    15 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    850 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    825 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP One St. Peter's Square
Manchester
M2 3DE
Natalie Bromley 0161 934 6445natalie.bromley@addleshawgoddard.com

Useful Links

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