24, 24a, 24b and 24c Market Square and 2a Manorsfield Road Bicester Oxfordshire OX26 6AD

  • 24, 24a, 24b and 24c Market Square and 2a Manorsfield Road<br>Bicester<br>Oxfordshire<br>OX26 6AD

24, 24a, 24b and 24c Market Square and 2a Manorsfield Road
Bicester
Oxfordshire
OX26 6AD

Freehold Retail (and Residential Ground Rent) Investment

  • 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
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Octopus Bridging Loan
    To be confirmed
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Freehold Retail (and Residential Ground Rent) Investment

  • 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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
BBW Solicitors Broadway Chambers
Letchworth Garden City
SG6 3AD
Joanne Guest 01462 478 828j.guest@bbwlaw.biz

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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