Commercial Property for saleWest Street, Chipping Norton, Oxon
Sold STC £260,000
- Use class orders: A1 Shops
- Newly Refurbished Premises
- Self Contained Lock up Shop
- Attractive Listed Building
- New Letting on FRI terms
- Let to Helen and Douglas House
- Term 10 years wef 3rd October 2016
- Rent Commencement 3rd February 2017
- Initial Rent £17,500 pa
- Guide Price £260,000 + VAT
Full descriptionCOTSWOLD MARKET TOWN RETAIL INVESTMENT NEWLY LET AND PRODUCING £17,500 pa
Chipping Norton - Is a picturesque, well known and thriving Market Town, serving a wide rural area of the Oxfordshire Cotswolds. It offers an extensive range of shops including High Street names, boutiques, bookshops and antique shops and, other facilities such as a New Hospital and Medical Centre, a Theatre, Swimming Pool and Leisure Centre, Golf Course, and excellent Primary and Secondary Schools. It is conveniently situated, being within easy travelling distance of Banbury (13 miles with M40 link), Oxford (20 miles) and Stratford-upon- Avon (24 miles). Main line train services to London (Paddington) are available from either Charlbury or Kingham, or to London (Kings Cross) from Banbury
The Shop - Comprises a double fronted retail unit incorporated into a larger local stone built, attractive, period town centre building. The shop offers a frontage of about 4.0 metres and a net internal floor area of about 70 sq metres, which the tenants are fitting out to their own requirements, as approved by the present landlords.
The Accommodation - The Shop has a frontage of about 4.0 metres and offers a double front with newly installed double glazed display windows and a matching central entrance door. The retail space is of good size, and to the rear is a kitchenette facility, and a newly installed Toilet with WC and Wash Hand Basin.
Shop - A good sized sales area with double frontage, good display windows and a central door, overall approx 4m frontage, and a total depth of about 20 metres giving a total potential net internal sales area (before tenants fitout) of about 70 sq metres (753 sq ft).
Staff Toilet - A newly fitted facility with WC and wash hand basin
The Letting - This bright and spacious retail unit has been remodelled in recent months as part of the redevelopment of the former listed West Street Surgery, the remainder of the site being configured as a high quality, small group of residential properties known as West Street Villas. The retail premises has now been let to the well known and highly respected Oxfordshire based charitable organisation known as Helen and Douglas House, which supports a childrens hospice in Oxford.
Lease Terms - The lease was completed on 3rd October 2016 following the refurbishment work. In summary the lease is for a 10 year term, at an initial rent of £17,500 per annum from the rent commencement date of 3rd February 2017. There is provision for a tenant break and a rent review at 2nd February 2022. The letting is "Inside the Act" and let on generally full repairing terms.
General Information -
Local Authority - West Oxfordshire District Council, Woodgreen, WITNEY, Oxon OX28 1NB (01993) 861000
Services - Mains services of Water, Electricity and Drainage are understood to be connected
Outgoings - The tenants will be responsible for the Business Rates and the Utility Bills for the premises. The Rateable Value of the Shop is currently assessed at £6,800. A revised Valuation has been proposed under the 2017 Revaluation but this would not appear to take into account the premises as it has now been reconfigured.
Mains services of Water, Electricity and Drainage are understood to be connected
Energy Performance Rating - The premises is listed so is understood to be exempt from the requirement for an assessment
Viewing - Please make appointments to view with the selling agents at our Chipping Norton office - tel 01608 644344
Tayler & Fletcher and any Joint agents for themselves and for the Vendors of the property whose Agents they are, give notice that (i) These particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract (ii) No person in the employment of or agent of or consultant to Messrs Tayler & Fletcher has any authority to make or give any representation or warranty whatsoever in relation to this property (iii) Measurements, areas and distances are approximate, Floor plans and photographs are for guidance purposes only and dimensions shapes and precise locations may differ (iv) It must not to be assumed that the property has all the required planning or building regulation consents. A list of the partners of Tayler & Fletcher LLP is available at each Tayler & Fletcher Office.
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