Attractive & prominent town centre Freehold Retail investment / Owner Occupier opportunity 1,095 Sq ft comprising two shops.

Key Points

• Freehold comprising two shops totalling 1,095 Sq ft (first floor flat sold off separately)
• Shop 2 - 593 Sq ft (vacant) & Shop 2a - 502 Sq ft (let until July 2026)
• Both shops are Retail Class E potentially suitable for other uses within Class E
• Central & prominent location

Description

The property comprises the ground floor and basement of a prominent end-terrace listed building, subdivided into 2 shops.

Shop 2 on the corner is 593 Sq ft with excellent frontage, has just become vacant, and previously let at £9,000 per annum, and whilst there is tenant interest this could also suit an owner-occupier.

Shop 2a is 502 Sq ft and let on a tenancy expiring July 2026 at £7,920 per annum.

Shop 2: 336 Sq ft & Bsmnt Storage - 257 Sq ft.
Shop 2a: 371 Sq ft & Bsmnt Storage - 131 Sq ft.

The property is connected to mains electricity, water and drainage, both shops are self contained with WC facilities. There is no gas.

Location

The property occupies a central location in Watlington, an attractive small market town in South Oxfordshire, ideally-located under 4 miles from junction 6 of the M40 motorway.

Viewings

Strictly by appointment via Fields.

Terms

Freehold:
Price on application (VAT not applicable).

Estimated rental value for both shops £18,000 per annum.

First floor flat sold off on long lease subject to a ground rent £70 / annum.

Rates

The property lies within the rating area of South Oxfordshire, according to which the rateable value is as follows:

Rateable value:
Shop 2: £6,600
Shop 2a: £6,200

Rates payable are calculated by multiplying with the small rates multiplier £0.499. Small business rates relief may be available.