45 & 45A High Street, Witney, Oxfordshire OX28 6JA

Freehold of ground floor shop with rear courtyard garden, along with first & second floor flat.  The shop is let on a six year term with an annual rent of £25,200.00 (business is unaffected), and the flat is let on an Assured Shorthold Tenancy at £1,100.00 per calendar month.

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 3rd exit onto Welch Way, proceed approximately 800 yards and turn left onto to the High Street. 47 & 47A will be found approximately 90 yards on the left between Niche Beauty and Denshams Butchers.

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 ground floor shop with enclosed rear courtyard garden, plus a 1st and 2nd floor 2 bed flat currently let under a separate Assured Shorthold Tenancy Agreement. Occupied under a commercial business lease on the ground floor, and a residential AST on the flat above, the property is currently producing an annual rent of £25,200.00 exclusive.

Accommodation
45 High Street (Ground Floor Shop)
Front Retail: 17′ x 15’3”
Rear Retail / Treatment Room: 9’4” x 7’10”
Rear Office/Storeroom: 11′ x 8’5”
Kitchenette: 8’5” x 3’9”
WC

Total N.I.F.A. approx. 552 sq.ft. (51.28 sq.m.)

Rear Enclosed Courtyard Garden: 19′ max x 5” average.

45A High Street (1st & 2nd Floor Residential Flat)
1st Floor
Entrance Foyer & Hallway: 10′ x 8’6”
Shower Room: 7’3” x 5’4”
Kitchen: 12’5” x 9’2” average
Livingroom: 15’5” x 13’10”

2nd Floor
Landing with cupboard:
Bedroom 1: 15’7” x 13’10”
Bedroom 2: 4’12’6” x 9’8”

Total N.I.F.A. approx.774 sq.ft. (71.9 sq.m.)

Enclosed entrance courtyard with stairs to 1st floor: 18’8” x 11’10”

Existing Business Lease Terms
45 High Street
Tenant: Natasha Marie Barker
Term: 6 years from 13th March 2021, outside The LTA 1954.
Rent: £12,000.00 p.a.x. payable quarterly in advance.
Rent Review: 13th March 2025, upwards only to Market Rent. TBC
Deposit: £3,875.00.
Repairs: Internal repairing plus shop front, facia, and to redecorate in last 3 months of the term. TBC

Assured Shorthold Tenancy Terms
45A High Street
Term: 15th August 2024 to 14th February 2025.
Rent: £1,100.00 pcm.
Deposit: £1,100.00.

Business Rates
Rateable Value: 45 High Street – £13,000.00

Council Tax
45A High Street: Band – C

Energy Performance Certificates
The property has energy ratings as follows.
45 High Street – B 43
45A High Street – D 55

VAT
VAT is not payable in addition to the purchase price.

Local Authority
West Oxfordshire District Council, Council Offices, Witney, OX28 1NB. Tel: 01993 861000.