4 Station Road, Faringdon, Oxfordshire, SN7 7BN

  • Guide Price £397,500
Featured For Sale
4 Station Road, Faringdon, Oxfordshire, SN7 7BN
Featured For Sale

4 Station Road, Faringdon, Oxfordshire, SN7 7BN

4 Station Road, Faringdon, Oxfordshire, SN7 7BN
  • Guide Price £397,500

Description

A commercial and residential property investment, comprising a ground floor retail unit currently let to a hairdresser and beautician, a one-bedroom ground floor flat and a first floor larger sub-divided flat.  There is a good sized mature garden to the rear with paving and garden shrubs, and a garden room.

Description
Commercial and Residential Investment

Ground Floor Retail Unit (Let)
• 2 Flats to the Rear (one subdivided)
• Rear Enclosed Garden
• Garden Building

A flexible mixed use investment with possible vacant possession available on a first floor flat to the rear.

At present the property is laid out with a retail area to the front of the ground floor and a one bedroom flat to the rear.

On the first floor there are 2 flats created from one large dwelling on a temporary basis (no planning consent exists for the sub-division).

To the rear is a good sized mature garden with paving and shrubs with a garden room currently occupied by a family member as a bed sit although no planning consent exists for this use.

Tenure
Retail Shop. Let under Commercial lease.

Ground Floor Flat. Let under an Assured Shorthold Tenancy (Periodic)
First Floor flat. Part vacant possession available and part let under an Assured Shorthold Tenancy.

Services
Mains water electricity and drainage with mains gas connected to the retail unit.

Commercial Property
The majority of the ground floor is let to a hairdresser and beautician under a commercial lease dated 20/11/2011.

Terms:
• 12 Years – terminating 19/11/2023
• Rent £8,400 p.a. – payable monthly
• User Clause – Hairdresser or A1 use
• Internal Repairing and Insuring
• Not Contracted Out
• Service Charge for shared areas
• Rent Deposit held

The unit extends in all to about 83.12 m2 (893ft2) and is well presented and laid out.

Residential Property
To the rear of the property approached via a pedestrian access is an attractive garden area leading to a ground floor one bedroom flat with good sized open plan kitchen and living area together with bathroom.

The flat is let on an Assured Shorthold Tenancy at £6,000 per annum with shared bills in addition. The lease is currently in its Periodical phase.

An external stairway leads to a terrace area with doors to the first floor sub-divided flats. The larger flat consists of a kitchen, sitting/dining area, 2 first floor bedrooms and a further attic room on the second floor with store area.

The property is currently occupied by the vendors and vacant possession will be available on completion.

The other first floor flat, which in planning terms forms part of the adjoining flat, is let on an Assured Shorthold Lease for £700 per month inclusive of bills.

Within the garden is a previous store building which is currently being used as a one bedroom temporary building but is not consented. Vacant Possession will be available.

Energy Performance Certificate
Retail Unit – B38
Ground Floor Flat – C72
First Floor Flat (large) – E53
First Floor Flat (small) – E47

Directions
From A420 enter Faringdon along Park Road. Continue towards the Town Centre and the building is on the left hand side just after the Fire Station and before the roundabout.

Viewings
In order to assist with Covid-19 restrictions viewings are purely by appointment and we would request viewers wear masks and try to avoid touching surfaces were possible.

Property Documents

Property Brochure
Property EPC

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.

Compare listings

Compare
Marriotts Property LLP
  • Marriotts Property LLP

Residential Lettings


Pre-market Appraisals

Letting of houses and cottages on Rural Estates

Advice on Legal Requirements for Renting

Obtaining Energy Performance Certificates

Provision of Tenancy Agreements

Management and Bookkeeping Provision

Development


Appraisals for Development Land

Advice on Planning and Development Matters

Option and Promotion Agreements Delivered

Negotiations with Housing Developers

Valuation and Sale of Development Land

Site Acquisition for Clients

Rural


Sales and Lettings of Rural Property

Farm and Estate Management

Agricultural and Residential Tenancies

Rent Reviews and Advice

Planning and Alternative Use Appraisals

Valuation of Farmland and Buildings

Commercial


Sales and Lettings of all types of Property

Commercial Property Management

Rent Reviews and Lease Renewals

Valuation for Market and Taxation Purposes

Rent Collection and Debt Control

Provision of Bookkeeping Services

Service Charge Budgeting and Collection