The Old Museum, 8 Horsefair, Banbury OX16 0AA
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Tuesday 16 April
- Investment let at £77,003
- p.a. (7.33% GIY on guide)
- Let on a 25 year FR&I lease from 2019 (an approx. 20 years unexpired)
- No tenant break options
- RPI linked rent reviews every 5th year
- Holding company for the tenant is Oakley Capital 3a1 Covenant strength
- Located in an affluent and prosperous town
- VAT free investment
Description
StrapLine
Auction Sale - 16/04/2024Of interest to Investors
An established Children's nursery investment let on a 25 year lease from 2019 (an approx. 20 years un expired) with tenant break options with RPI linked rent reviews every 5th year
Investment let at £77,003 p.a.
Description
The property is a mid terrace Grade II listed building comprising of ground, 1st and mezzanine floor; the property has a rear yard which has been created into the children's play area and has rear access from Calthorpe Car park lying to the east.
The current tenant is Child 1st Nurseries Ltd which is part of the Bright Star Nursery Group Limited (Oakley Capital majority stake owner)
Bright Stars is one of the largest nursery operators in the UK, serving circa 9,000 children at 76 nurseries across England.
Location
The property fronts on to Banbury Cross and is located on the south east side of the roundabout.
Banbury Station is located an approx. 0.6 miles from the property
Transport
Banbury Station 0.6 miles from the property
Tenancy
Please refer to Accommodation and Tenancy schedule
Accommodation
Please refer to Accommodation and Tenancy schedule
The Old Museum, 8 Horsefair, Banbury OX16 0AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Banbury Station0.5 miles
- Kings Sutton Station3.7 miles
About the agent
Savills Auctions, London
33 Margaret Street London W1G 0JD
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Notes
Disclaimer - Property reference 148-10621. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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