Freehold Retail and Residential Ground Rent Investment
Shop let to Parsons Bakery until June 2027
Tenant in occupation for 13 years
Situated in well established neighbourhood retail precinct
Neighbouring occupiers include Tesco Express, Costa and a mix of independent retailers, restaurants and cafes
VAT free investment
Lot 40
Auction 18th September 2025
Rent £9,650 per Annum Exclusive
Status Available
Guide* £75,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
11 miles south west of Oxford, 15 miles east of Swindon, 21 miles north west of Reading
Roads
A338, A417, M4
Rail
Didcot Parkway
Air
London Heathrow Airport
Situation
The property is situated on the west side of Main Street in a popular neighbourhood retail precinct known as Millbrook Square. Other occupiers within the park include Tesco Express, Costa and a mix of independent retailers, restaurants and cafes.
Tenure
Freehold.
Location
Miles
11 miles south west of Oxford, 15 miles east of Swindon, 21 miles north west of Reading
Roads
A338, A417, M4
Rail
Didcot Parkway
Air
London Heathrow Airport
Situation
The property is situated on the west side of Main Street in a popular neighbourhood retail precinct known as Millbrook Square. Other occupiers within the park include Tesco Express, Costa and a mix of independent retailers, restaurants and cafes.
Tenure
Freehold.
Description
The property comprises a shop together with a flat on the first floor. The flat is accessed from the rear and has been let on a long lease. The flat also includes a ground floor garage within their demise.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a shop together with a flat on the first floor. The flat is accessed from the rear and has been let on a long lease. The flat also includes a ground floor garage within their demise.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground
Retail
72.40
(779)
PARSONS BAKERY LIMITED (1)
A term of years from 06/07/2022 until 15/06/2027
£9,500
First
Residential
-
-
INDIVIDUAL
125 years from 17/03/2017
£150 (2)
Total Approximate Commercial Floor Area
72.40
(779)
£9,650
(1) Parsons Bakery was established in 1926 and operate from 48 shops across the South West (www.parsonsbakery.co.uk). For the year ending 31/12/2024, Parsons Bakery Limited reported a Turnover of £14,681,435, a Pre-Tax Profit of £272,664 and a Shareholders Funds of £4,044,176 (NorthRow 16/07/2025). (2) The lease provides for a fixed rental increase to £200 pa on 01/03/2027 and £250 pa on 01/03/2037. NB: The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
