Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding, multi-let, mixed use investment occupying a prominent corner pitch on a high footfall street.
Arranged as five retail units with office suites to the upper parts, the property is fully let to eight tenants producing a total rent of £153,902 per annum.
The property offers an attractive Weighted Average Unexpired Lease Term (WAULT) of 5.5 years to expiry, with evident asset management potential via renewal of leases. The property also offers a strong tenant mix with several national occupiers including Barnardos, Subway and Premier Convenience Stores.
The upper parts are split into three office suites and are fully let to separate tenants, however there may be potential to convert to alternative uses, including residential (subject to obtaining the requisite consents),
The property occupies a prominent pitch fronting Didcot Broadway, the principal retail amenity for the area. The property also includes a return frontage to the pedestrianised Market Place, with nearby occupiers including Iceland, Greggs, and Prezzo.
Tenure
Freehold.
Tenancy
Please see the below tenancy schedule for more information.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).
Joint Auctioneer
Lee Randle
07774 211 229
Please Note - We wish to inform prospective buyers of this property that an employee of Savills is connected to the Vendor.