Freehold Retail and Residential Ground Rent Investment
Comprises a double fronted commercial unit and residential upper parts (sold off)
Ground & Basement let to A-Plan Insurance on a new lease until June 2032 (no breaks)
A-Plan have occupied this address since 2012
Central High Street location in attractive market town
Nearby retailers include Starbucks, Costa Coffee, JD Wetherspoon, Boots and Pizza Express
Lot 22
Auction 3rd November 2022
Rent £38,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles south of Oxford
Roads
A34, A40, M40
Rail
Didcot Parkway
Situation
Abingdon is an attractive market town situated on the River Thames, approximately 6 miles south of Oxford. The town benefits from good communications with easy access to the A34, which leads to the M4 to the south and the Oxford ring road and the M40 to the north. The property is located on the High Street in close proximity to Market Square. Nearby retailers include a newly opened Starbucks, Costa Coffee, JD Wetherspoon, Boots and Pizza Express.
Tenure
Freehold.
Location
Miles
6 miles south of Oxford
Roads
A34, A40, M40
Rail
Didcot Parkway
Situation
Abingdon is an attractive market town situated on the River Thames, approximately 6 miles south of Oxford. The town benefits from good communications with easy access to the A34, which leads to the M4 to the south and the Oxford ring road and the M40 to the north. The property is located on the High Street in close proximity to Market Square. Nearby retailers include a newly opened Starbucks, Costa Coffee, JD Wetherspoon, Boots and Pizza Express.
Tenure
Freehold.
Description
The property comprises an attractive Grade II listed building comprising a commercial unit arranged over the ground floor and basement which has recently received an internal refit & redesign. The upper parts consist of residential accommodation arranged on the first, second and third floors all of which is sold off on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an attractive Grade II listed building comprising a commercial unit arranged over the ground floor and basement which has recently received an internal refit & redesign. The upper parts consist of residential accommodation arranged on the first, second and third floors all of which is sold off on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
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 Basement
Retail/Office Ancillary
204.27 (1) 97.30 (1)
(2,199) (1,047)
A-PLAN HOLDINGS (2) (t/a A-Plan Insurance)
10 years from 22/06/2022
£38,000
First, Second & Third
Residential
-
(-)
B.A.R. ESTATES LIMITED
250 years from completion
Peppercorn
Total Commercial Area
301.47
(3,246)
£38,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) A-Plan Holdings are one of the largest specialist insurance distribution groups in the UK with over 80 branches (www.aplangroup.co.uk). For the year ending 31st December 2021, A-Plan Holdings reported a turnover of £77,231,560, a pre-tax profit of £22,816,366 and shareholder funds of £104,374,336 (www.northrow.com 05/10/2022)
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.
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