10 Sheep Street Bicester Oxfordshire OX26 6JZ

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
16th June 2021
Rent
£75,000 per Annum Exclusive
Status
Sold
Price
£690,000
Auction Venue
Live Streamed Auction
On behalf of Receivers Savills

Interested?

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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 16th June 2021
Rent £75,000 per Annum Exclusive
Status Sold
Price £690,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On behalf of Receivers Savills

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.

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

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.

Description

VAT

VAT is not applicable to this lot.

Note

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
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	£75,000	23/06/2024
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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.