Guide Price £435,000

St Martin's Street, Wallingford

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

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

Key features

• Freehold investment property For Sale
• Shop and Premises Rateable Value £15,200
• Residential flat EPC Rating: E
• Joint Agents: Conways Commercial
• Current rental income £30,700 per annum
• Shop EPC Rating: B
• The property has not been elected for VAT

Property description

Location

The property is located in Wallingford town centre fronting onto St Martin’s Street which links into Market Place. Nearby occupiers include a large Waitrose store. Public parking is available close by.
Wallingford is an attractive market town located alongside the River Thames and adjacent to the A4074. It is situated approximately 12 miles to the south of Oxford and 14 miles north of Reading.

Description

The property comprises a a ground floor retail unit with a self contained two bedroom flat on the upper floors. To the rear there is access and 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 two bedrooms.

Accommodation

Ground floor retail 787 sq ft (73 sq m) Net Internal Area

First floor residential 607 sq ft (56 sq m)
Mezzanine floor residential 305 sq ft (28 sq m)
Total Flat area 912 sq ft (84 sq m) Gross Internal Area

Lease 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 £17,500 p.a. Current tenant Bayfields Z Ltd trading as Bayfields Opticians.
2. Flat – let on an AST originally from 1st April 2018 and extended for 2 months from 1st October 2024 at a rent of £1,100 pcm.

Joint Agent

Martin Conway at Conways Commercial

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