Unit 3, Millbrook Square Grove Wantage Oxfordshire OX12 7JZ

Unit 3, Millbrook Square
Grove
Wantage
Oxfordshire
OX12 7JZ

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
Sold
Price
£117,000
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

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 Sold
Price £117,000
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

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

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.