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150-156 Broadway, 156 Broadway, Didcot

Guide Price
£1,225,000

Business rates & charges may apply

Savills, Savills Auctions- Commercial
SIZE

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SECTOR

Commercial property for sale

Key features

  • High Yielding Mixed Use Investment
  • Five Retail Units with Offices to Upper Parts
  • Fully Let to Eight Tenants
  • Tenants Include Barnardos, Subway and Premier Convenience Stores
  • Attractive WAULT of 5.5 years to Expiry
  • Asset Management Potential
  • Established High Footfall Location
  • Investment Let at £153,902 p.a. (12.83% GIY on Guide Price)

Description

The property comprises a high yielding, multi-let, mixed use investment occupying a prominent corner pitch on a high footfall street.

Arranged as five retail units with office suites to the upper parts, the property is fully let to eight tenants producing a total rent of £153,902 per annum.

The property offers an attractive Weighted Average Unexpired Lease Term (WAULT) of 5.5 years to expiry, with evident asset management potential via renewal of leases. The property also offers a strong tenant mix with several national occupiers including Barnardos, Subway and Premier Convenience Stores.

The upper parts are split into three office suites and are fully let to separate tenants, however there may be potential to convert to alternative uses, including residential (subject to obtaining the requisite consents),

The property occupies a prominent pitch fronting Didcot Broadway, the principal retail amenity for the area. The property also includes a return frontage to the pedestrianised Market Place, with nearby occupiers including Iceland, Greggs, and Prezzo.

Didcot is a popular commuter town in Oxfordshire. The subject property is situated on one of the principal arterial routes and is adjacent to the Orchard Shopping Centre with tenants including Sainsburys, Starbucks, H&M and Nandos.

Brochures

150-156 Broadway, 156 Broadway, Didcot

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Didcot Parkway Station0.4 miles
  • Appleford Station2.3 miles
  • Culham Station3.3 miles

About Savills, Savills Auctions- Commercial

33 Margaret Street, London, W1G 0JD

Notes

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Disclaimer - Property reference 2E6A5CA0-A975-4391-B145-E3E523A94384. 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- Commercial. 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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