Guide Price £375,000

Cornmarket Street, Thame

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This property has now sold

Oxford Branch
Hollyfield House, 1 Walton Well Road,
Oxfordshire, OX2 6ED

T: 01865 515000
E: oxford@thomasmerrifield.co.uk

Key features

• Freehold Retail and Residential Investment
• Retail EPC Rating: B
• Residential EPC Rating: E
• Joint Agent: Martin Conway at Conways Commercial
• Current rental income £26,300 per annum
• Ratebale Value (Shop and premises): £17,250
• The property has not been elected for VAT

Property description

Location

The property is located in Thame town centre fronting onto Cornmarket Street. Nearby occupiers Sainsbury’s, Morrisons., Boots, Superdrug & Costa Coffee.
Thame is an attractive market town located and well located on the A418 with good access to the M40 motorway. Oxford lies approximately 15 miles to the West.

Description

The property comprises a a ground floor retail unit with a self contained one bedroom flat on the upper floor. To the rear there is access and allocated car parking.

The retail unit is occupied by an opticians and is well fitted with retail space to the front and two consulting rooms and a kitchen and WC to rear . The flat is accessed from the rear of the property and has a sitting room, kitchen, bathroom/WC and one bedroom.

Accommodation

Ground floor retail 633 sq ft (59 sq m) Net Internal Area

First floor flat 656 sq ft (61sq m) Gross Internal Area

Terms

The accommodation is let as follows:
1. Ground floor – a 15 year full repairing lease (subject to a a schedule of condition) from 29th September 2013 with 5 yearly rent reviews and 5 yearly break clauses. The current rent passing is £16,700 p.a. Current tenant Bayfields Z Ltd trading as Bayfields Opticians.
2. Flat – let on an AST initially for 8 months from 27/09/21 at a rent of £800 pcm now a periodic tenancy arrangement.

Joint Agent

Martin Conway at Conways Commercial

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