Rare freehold investment opportunity, former Methodist Church in town centre location with upper and lower ground floors

Key Points

• Town centre retail investment opportunity approx. 3,638 Sq ft
• Fully-let with income of £43,000 per annum
• Call Fields for tenancy information
• Opposite main town car park, used by weekly market

Description

Former Victorian Methodist church with Upper Ground Floor Class of approx. 2,284 sq ft, current use A1 Retail, and Lower Ground Floor of 1,354 sq ft, current use Health and Sports Therapy Practice, totalling 3,638 Sq ft GIA approx.

The building was converted into commercial use in 1978 and retains much of its character including the lofty open-plan space with exposed roof timbers and stained-glass arched windows.

The lower ground floor is deceptively spacious with a 10 ft. high ceiling, capable of complete open-plan of approx. 25 ft. by 55 ft.

Location

Town centre location, opposite main car park. Thame is a very popular market town with a full range of facilities, and easy access to the M40 motorway at junctions 6 and 7.

Viewings

Strictly by appointment with the agent.

Terms

Investment Guide Price:

£615,000 - no VAT applicable

Total Rental Income:

£43,000 - gross initial yield 7%

EPC

Upper Ground Floor: Band C with Rating 69
Lower Ground Floor: Band D with Rating 78

Services

Mains water, electricity, gas and drainage connected. Single gas-fired central heating system to both upper and lower floors, with the cost of maintenance shared between the two tenants.

Rates

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

Rateable value - Available on request
Rates payable - Available on request

Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquired for clarification.