Home > Auctions > 11 December 2024 11 December 2024 - 9:00am > Lot 101

11 December 2024: Wednesday 11 December 2024 - 9:00am
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    Key features

    • High Yielding Retail Investment
    • Let to FM Hair Design
    • 15 Year Lease Expiring March 2027
    • Comprises approximately 56.11 sq m (597 sq ft)
    • Investment Let at £9,500 p.a. (11.2% GIY on Guide Price)

    Description

    The property comprises a high yielding retail investment forming part of a popular local parade in the historic town of Abingdon.

    Arranged across ground and first floors, the property is fully let to FM Hair Design on a 15 year lease expiring March 2027 and paying £9,500 per annum.

    The property is situated on the east side of Stert Street, close to its junction with Bridge Street. Occupiers close by include Oxfam, Pizza Express, Boots, Starbucks, Costa, British Heart Foundation and Superdrug amongst many others.

    Additional information

    Tenure

    Long Leasehold. 999 years from completion at a peppercorn rent.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 


    Ground - 35.95 (387 sq ft)

    Mezzanine - 12.08 sq m (130 sq ft)

    Store - 8.08 sq m (87 sq ft)


    Total - 56.11 sq m (597 sq ft)

    Tenancy

    Let to FM Hair Design Limited with a personal guarantee on a 15 year lease from 09.03.2012 until 08.03.2027 at a rent of £9,500 pa.

    Rent

    £9,500 pa

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        Local information

        Abingdon is an historic market town on the River Thames approximately 6 miles south of Oxford. The town sits adjacent to the A34 dual carriageway which provides access to junctions 8 and 13 of the M40 and M4 motorways respectively. Radley Railway Station is located 3.5 miles from the property and provides regular services to Oxford (northbound, approx. 8 minutes) and Didcot Parkway (southbound, approx. 5 minutes), with connections to London Paddington and the southwest. The property is situated on the east side of Stert Street, close to its junction with Bridge Street. Occupiers close by include Oxfam, Pizza Express, Boots, Starbucks, Costa, British Heart Foundation and Superdrug amongst many others

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

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