West Street, Chipping Norton, Oxfordshire, OX7 5AA
£395,000-
Property Type
-
Bathrooms
0 bathrooms -
Bedrooms
0 bedrooms -
Reception Rooms
0 reception rooms
Key Features
- Investment property for sale
- Subject to the current lease
- Tenant's business not affected
- Double-fronted property
- Grade II Listed property
- Bustling Oxfordshire town
- Close to the centre of town
- Good transport links
Property Description
The Property
Comprises the ground floor of an attractive period Grade II Listed double-fronted property
Situated close to the centre of town
Accommodation
Secure entrance lobby opening to two retail areas with kitchen and cloakroom off
Tenancy
The property is currently let to ‘Two by Simon Smith Ltd’ for a term of 10 years from and including 3rd March 2023 at a rent of £30,000 per annum, payable quarterly in advance
The rent is subject to a review on the 3rd March 2028, when the new rent increase will be capped at £30,900 per annum (3%)
Landlord & Tenant Act 1954: The renewal provisions are excluded
Lease
A copy of the lease is available for inspection at the Agent’s office, or can be sent to interested parties by email
Outgoings
Rateable Value - £12,250 (1 April 2023 to present)
Services
Main water, electricity and drainage are connected
Average broadband speed within this postcode up to 69.5 Mbps
EPC – current rating band C