West Street, Oundle, Northamptonshire, PE8
- PROPERTY TYPE
Shop
- BEDROOMS
2
- SIZE
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Key features
- An attractive investment opportunity
- Mixed use
- Retail to ground floor
- Residential apartment to first floor
- Long term tenants in the apartment
- 10 year lease on retail
Description
This attractive mixed-use investment opportunity comprises a ground floor, retail unit of 66 sq. m and a large, two bedroom apartment of 110 sq. m.
The ground floor
A lock-up shop unit of 66 sq. m (704 sq. ft) with front and rear access and two parking spaces, to the rear.
Tenant - Oxfam
Lease Term - 10 years from 14 March 2019
Rent - £10,000 per annum, paid quarterly in advance.
Rent Review - February 2024.
The First Floor
This superbly proportioned apartment, is accessed via an external staircase to the rear of the building. The large, 110 sq m (1174 sq ft) and light accommodation, with south-facing windows, offers a kitchen, a dining room, a sitting room, two double bedrooms, a bathroom and cloakroom.
Outside, there is a small courtyard and a parking space.
Tenancy - Let on an Assured Shorthold Tenancy to the same tenants since 1997. Tenants are keen to remain for the foreseeable future.
Rent - £775 p.m. - The rent has not been reviewed for many years. The tenants are aware of a pending sale and understand that a rent rise is likely.
Tenure - Freehold.
Services - All mains services connected.
EPC - Listed Building Grade II
Conservation Area- The property is set within the town's Conservation Area.
West Street, Oundle, Northamptonshire, PE8
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Corby Station9.1 miles
About the agent
Woodford & Co, Oundle
12 Market Place, Oundle, PE8 4BQ
Selling and advising on Property and Land in Northamptonshire, Cambridgeshire and Rutland. We are Property Consultants and Auctioneers, engaged in all estate agency activities, and can advise or assist you with the sale or purchase of all types of property and land. We also handle lettings of residential and commercial property. Operating from Oundle and having representation in London through the Mayfair Office, our experienced and mature team have advised on and sold many types of property.
Industry affiliations
Notes
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