Units 2-5 Regal Way, Faringdon, Oxfordshire SN7 7BX

Commercial Investment Opportunity comprising an access road and four commercial units is being offered for sale freehold, subject to existing leases.

Location
Regal Way lies in the Market Town of Faringdon to the western edge of the Vale of White Horse in Oxfordshire. The town is well connected by the A420 to the M4 at Swindon (14 miles) and Oxford City (16 miles). There are good rail connections available at Swindon, Didcot and Oxford.

Property Overview
The freehold of Regal Way, comprising an access road and 4 commercial units, is offered for sale subject to existing leases. Third party rights of access exist over the roadway subject to contributions to maintenance.

The buildings comprise a number of different constructions including brick offices, timber framed laboratories and workshops as well as a steel framed warehouse.

Areas NIA
Unit 2 – 2,839ft2
Unit 3 – 2,648ft2
Unit 4 – 1,806ft2 (including lean-to storage)
Unit 5 – 14,695ft2 (including mezzanine)

Site area approx.0.523ha (1.29 acres)

Tenure
1. Units 2, 3 and 5 are let to Bray Group Ltd under a contracted out lease dated 25/4/2024 and subsequent Deed of Variation dated 10/6/2024 at a rent of £125,000 per annum for 12 years from 1st April 2024. The tenant has a break clause as at 25/4/2030 subject to paying a financial penalty.

2. Unit 4 let to Cotswold Woodworking under a contracted out lease dated 17/02/2023 at a rent of £10,400 per annum for 5 years with annual tenant breaks.

3. Remaining site comprising an access road and turning area are in hand but subject to rights of way and easements in favour of other adjoining 3rd parties.

VAT
VAT is chargeable on the rents and will apply to the sale price.

Energy Performance Certificates
Unit 2 – E
Unit 3 – D
Unit 4 – D
Unit 5 – D

Viewings & Data Room
For viewings and Data Room access please contact the selling agents on 01367 242422.

Anti-Money Laundering Regulations & 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.