Description
Commercial investment of a retail property with first floor office/treatment rooms with existing tenants. The property comprises a retail area and storeroom on the ground floor with offices, kitchenette and Ladies & Gents WC’s on the first floor. BUSINESSES UNAFFECTED
Location
With excellent transport links to the M40 and national motorway network, Witney is conveniently located on the A40 approximately 12 miles west of Oxford and 24 miles east of Cheltenham. Travelling into the town from the A40 heading north onto the A415 Ducklington Lane, proceed to the roundabout and take the 4th exit onto Corn Street, proceed approximately 700 yards and 29 Corn Street will be found on the right situated opposite Greens Funeral Services.
Witney is a vibrant market town offering a variety of national and local retailers and is a popular destination for shoppers. Situated on the River Windrush it is renowned for its beautiful medieval church, the historic Buttercross building, and Church Green.
Property Overview
The property comprises a mid-terrace commercial building currently occupied under a commercial business lease for use as a retail shop and tattoo parlour. Accommodation is arranged over a ground and 1st floor which offers good retail and office/treatment room space. To the rear is a large enclosed garden.
Acccommodation
The following measurements are approximate.
Ground Floor
Retail Area: 28’2” x 13’1” average
Storeroom: 8’8” x 6’7”
First Floor
Office 1: 14’3” x 11′
Office 2: 13’3” x 9′
Landing & Kitchenette
Ladies & Gents WC’s
Total N.I.F.A. approx. 917 sq.ft. (85.2 sq.m.)
External Rear
Private walled garden partly laid down to gravel.
(Note – there is no rear access excepting a pedestrian emergency escape route).
Existing Business Lease Terms
Term – 6 years from 10th November 2023 outside the security of tenure provisions of the Landlord & Tenant Act 1954.
Rent – £16,000 per annum exclusive.
Deposit – 3 months rent, plus personal guarantee.
Repairs – Tenant responsible for internal repairs and upkeep of the shop front and windows, and redecoration. Landlord responsible for the structure.
Garden – The Tenant is responsible for upkeep of the garden.
Business Rates – Tenant’s responsibility.
Utilities – Tenant’s responsibility.
Listing Status
The property is Grade II Listed.
Guide Price
Freehold offered for sale by Private Treaty, sold subject to the current business lease.
Guide Price – £210,000.
Viewings
Viewings are arranged strictly via the selling agents, Marriotts Property LLP.
Tel: 01367 242422
VAT
VAT is not payable .
Business Rates
Rateable Value – £18,250.
Energy Performance Certificate
The property has an EPC rating of E.
Anti-Money Laundering Regulations and IDV
Marriotts Property LLP will carry out AML checks on all purchasers to comply with current legislation, and as such will need to verify ID documents to prove identity and proof of address.
Property Documents
Stamp Duty Calculator
* The Stamp Duty Calculator attached is solely for Non-Domestic Property and not Residential. This claculator is provided as an indicator only and should not be relied upon in a purchase. Please confirm any stamp duty that may be payable with your lawyer or from HMRC website.
