7-9 High Street Abingdon Oxfordshire OX14 5BB

7-9 High Street
Abingdon
Oxfordshire
OX14 5BB

Freehold Retail and Residential Ground Rent Investment

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 an attractive market town
Nearby retailers include Starbucks, Costa Coffee, JD Wetherspoon, Boots and Pizza Express

Lot
24
Auction
30th March 2023
Rent
£38,000 per Annum Exclusive
Status
Sold
Price
£475,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

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 an attractive market town
Nearby retailers include Starbucks, Costa Coffee, JD Wetherspoon, Boots and Pizza Express

Lot 24
Auction 30th March 2023
Rent £38,000 per Annum Exclusive
Status Sold
Price £475,000
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles south of Oxford, 26 miles east of Swindon
Roads: A34, A40, M40
Rail: Radley Railway Station, Didcot Parkway Railway Station
Air: London Heathrow Airport

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, 26 miles east of Swindon
Roads: A34, A40, M40
Rail: Radley Railway Station, Didcot Parkway Railway Station
Air: London Heathrow Airport

Situation

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 benefitted from an internal refurbishment. The upper parts consist of self-contained residential accommodation arranged on the first, second and third floors all of which is sold off on a long lease. Access to the residential accommodation is to the rear of the property via a secure communal entrance.

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

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 97.30	(2,199) (1,047)	A-PLAN HOLDINGS LIMITED (2) (t/a A-Plan Insurance)	10 years from 22/06/2022	£38,000
First/ Second/ Third	Residential (4 x 2 bed and 2 x 1 bed flats)	-	(-)	OLD MAYORS HOUSE MANAGEMENT CO.	250 years from 01/01/2023	Peppercorn
Total Approximate Commercial Floor Area		301.47	(3,246) (1)			£38,000

(1) The commercial 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 30/09/2021, 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.