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Floorplan
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    Key features

    • To be offered on Wednesday 29 May
    • Investment let at £77,003 p.a. (7.33% GIY on guide)
    • Let on a 25 year FR&I lease from 2019 (an approx. 20 years unexpired)
    • No tenant break options
    • RPI linked rent reviews every 5th year
    • Child 1st Nurseries have been located in the property since 2004 , the business was sold in 2019 by the founders and is now part of Bright Stars Nursery Group with 76 nurseries across the UK. Holding company for the tenant is Oakley Capital 3a1 Covenant strength
    • Located in an affluent and prosperous town
    • VAT free investment

    Description

    The property is a mid terrace Grade II listed building comprising of ground, 1st and mezzanine floor; the property has a rear yard which has been created into the children's play area and has rear access from Calthorpe Car park lying to the east.

    The current tenant is Child 1st Nurseries Ltd which is part of the Bright Star Nursery Group Limited (Oakley Capital majority stake owner)

    Bright Stars is one of the largest nursery operators in the UK, serving circa 9,000 children at 76 nurseries across England.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation and Tenancy schedule

    Tenancy

    Please refer to Accommodation and Tenancy schedule

    Rent

    £77,003 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property fronts on to Banbury Cross and is located on the south east side of the roundabout.

      Banbury Station is located an approx. 0.6 miles from the property

      Transport

      Banbury Station 0.6 miles from the property

      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.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums