Freehold investment comprising an upper floor flat and two retail units in Wantage

General description

A two-storey, Grade 2 Listed Building, comprising of a 1 bedroom flat* on te upper floor and 2 retail/commercial units* on the ground floor (Use Class E: Commercial, Business and Service), situated in the upper part of busy Mill Street in central Wantage. *The flat and smaller shop are separately let, the larger shop is presently vacant and available to let (details below).

Location

OX12 9AQ. The historic market town of Wantage, along with nearby Grove, is located in affluent southern Oxfordshire at the junction of the A338 and A417, approx. 6 miles west of the A34 Milton Interchange near Didcot and 15 miles southwest of Oxford. Both are experiencing rapidly growing populations set to continue for several years yet. The building is situated on the north/Kings Park shopping centre side of Mill Street (A417) in central Wantage and within relatively short walking distance of car parks.

Accommodation (all dimensions approximate)

The vacant shop (16): Forward sales area – 5.82m x 5.29m/19'10” x 17'4” (31.16sq.m/335sq.ft) with a fully glazed frontage to Mill Street. Steps lead up to a half landing and then to the rear area which is an irregularly shaped, open plan space with an irregularly shaped office/staff room 8.92m x 4.14m/29'3” x 13'6” = 36.93sq.m/397sq.ft overall. Twin doors then lead to a shared rear hallway which has disabled width/pedestrian access from Mill Street, further twin doors then lead to a dedicated WC for each shop. Available to let at £13,200pa exclusive of any other tenants' outgoings. Separate details are available.

Further Information

The smaller shop (16A): Trading as Roly's Revived barber shop and let under a regular periodic lease with approx. 4 years remaining, presently yielding a rent of £7,800pa exclusive.

The upper floor flat (16B): Presently let under a periodic tenancy to a single occupier and also yielding £7,800pa.

Other features – Radiator central heating from a communal boiler

Price guide and terms

Unconditional offers, based on a guide price of £365,000 are invited for the freehold interest in the whole.

We understand VAT is not payable in addition.

Price guide and terms

Unconditional offers, based on a guide price of £365,000 are invited for the freehold interest in the whole.

We understand VAT is not payable in addition.

Business Rates & Council Tax (payable by the occupiers)

Rateable Values (April 2023) - Smaller shop £4,200 & larger shop £6,300.
Flat – Band A (1993).

Utility services

Mains water, electricity, gas and drainage are connected to the building. The central heating is provided by a single boiler serving all parts of the building. Telephone/broadband services by the occupiers' own subscriptions.

EPC rating

Commercial parts C/63, flat D/66. Full details available on request.

Local planning and rating authority

Vale of White Horse District Council, Abbey House, Abbey Close, Abingdon, Oxon OX14 3SE
Tel:

Viewing

By prior appointment with the sole agent Green & Co, Wantage Monday to Friday between 9am and 6pm. Tel. ref. RH or e-mail robin. directly