55-57 George Street, Banbury
£52.19 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,916 sq ft
178 sq m
- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed Use Investment Opportunity
- Double Fronted Retail Unit with Residential Upper Parts
- Fully Let to Two Tenants
- Un-Implemented CPI Linked Reviews to Ground Floor
- Asset Management Potential Via Renewal
- Approx. 1,916 sq ft (178 sq m)
- Prominent High Footfall Location
- Investment Let at £16,800 p.a. (16.8% GIY on Guide Price)
Description
Arranged as a double fronted retail unit to the ground floor and a two bedroom maisonette to the upper parts, the property is fully let to two tenants and producing a total £16,800 per annum.
The ground floor is let to Living Colour Tattoo Studio Limited on a seven year lease expiring 30.09.2025 and paying £8,400 per annum. The lease includes annual CPI linked rent reviews but we understand these have not recently been implemented, offing asset management potential.
The first floor comprises a two bedroom maisonette and is let to a Private Individual(s) on an Assured Shorthold Tenancy (AST) expiring 30.06.2025 and paying £8,400 per annum (£700 pcm).
Both tenancies offer evident asset management potential via renewal of the existing leases and improvement of rents.
The property occupies a prominent pitch with a frontage to George Street, an arterial route immediately adjacent to the pedestrianised town centre and High Street.
Brochures
55-57 George Street, Banbury
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Banbury Station0.3 miles
- Kings Sutton Station3.6 miles
Notes
Disclaimer - Property reference 09E3D4DB-A3D3-415C-983A-5E4345C7AB09. 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, Savills, Auctions. 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.
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