West Street, Chipping Norton, Oxfordshire, OX7

Subject to the current lease, is this attractive retail investment property for sale

Period Grade II Listed terraced building in a popular bustling Oxfordshire town - the tenant's business is not affected.

PROPERTY DESCRIPTION
The Property
Comprises the ground floor of an attractive period Grade II Listed double-fronted property
Situated close to the centre of town

Accommodation
Secure entrance lobby opening to two retail areas with kitchen and cloakroom off

Tenancy
The property is currently let to ‘Two by Simon Smith Ltd’ for a term of 10 years from and including 3rd March 2023 at a rent of £30,000 per annum, payable quarterly in advance
The rent is subject to a review on the 3rd March 2028, when the new rent increase will be capped at £30,900 per annum (3%)
Landlord & Tenant Act 1954: The renewal provisions are excluded

Lease
A copy of the lease is available for inspection at the Agent’s office, or can be sent to interested parties by email

Outgoings
Rateable Value - £12,250 (1 April 2023 to present)

Services
Main water, electricity and drainage are connected
Average broadband speed within this postcode up to 69.5 Mbps
EPC – current rating band C

SITUATION
A market town offering a wide selection of shops and amenities for daily requirements
Doctors, dentist, bank, restaurants, pubs and a small theatre
The city of Oxford is 20 miles to the south-east and access to the M40 is at Banbury
Good transport links
There is a mainline station at Charlbury with fast trains reaching Paddington in about 80 minutes