Sheep Street, Bicester, Oxfordshire, OX26

Fully let mixed use investment within Bicester town centre - REVISED PRICING

Comprising a prominent town centre retail holding with associated storage and rear loading together with three self-contained flats above.

INVESTMENT HIGHLIGHTS

Longstanding residential and retail occupiers
Prominent location opposite access to Sainsburys and B&M
Flexibility to create two retail units, if required
Reversionary potential to circa 9.58%
VAT not applicable







The subject property is prominently located at the top of Sheep Street, Bicester town centre's main retail thoroughfare. The town centre has a mix of both national and independent chains including Coffee#1, Vision Express, Holland Barrett, Boots Pharmacy and New Look. The building is situated opposite B&M Discount Stores and the access to Pioneer Square, anchored by Sainsburys with public parking for 526 cars.

Bicester is a rapidly expanding market town, with significant housing and commercial projects underway and planned, together with the expansion of the world-renowned Bicester Village outlet centre



Guide price of £1,200,000 (one million two hundred thousand pounds), subject to the existing tenancies.

We are instructed to quote a guide price of £1,200,000 (one million two hundred thousand pounds), subject to the existing tenancies.

This pricing shows a net initial yield of 7.18% and a potential reversionary yield of 9.58% assuming normal purchaser costs and based on our rental estimates, not to be formally relied upon.


VAT is not applicable to the sale price.

Strictly by appointment with agents.