FREEHOLD FOR SALE, PART INCOME PRODUCING
13 MARKET PLACE, BRACKLEY, NN13 7AB
The Property
Freehold for sale, part income producing property featuring a shop with a flat above. Subject to lease to Jems Stationers Ltd.
The property commands a significant position overlooking the Market Place. There is a shared road providing vehicular access to the rear. The property has many attractive features however it is not listed.
In summary it comprises a ground floor shop with ground floor storage, a kitchen and WC and with one room on the first floor. There is an apartment situated on first and second floors with an entrance from the back of the building. There is a yard large enough for vehicle parking, bike parking and refuse bins and there is a basement accessed from the yard (not inspected).
The property is for sale freehold. It is being sold subject to the lease on the shop and the shop's ancillary areas to Jems Stationers Ltd. The apartment comes with vacant possession. The lease includes the ground floor shop with ground floor storage, a kitchen and WC and with one room on the first floor. The lease has Landlord & Tenant Act protection and is for a term of 15 years from 25 March 2019 at £14,000 p.a. exclusive, on effective full repairing and insuring terms. The tenant has an option to break at end of the fifth and tenth year. There is a single rent review on 25 March 2022 and the lease includes a tenant's option to extend the term. Jems Stationers is an independent retail business established in 2002.
Accommodation:
Floor Areas | Details | Square Feet |
---|---|---|
GROUND FLOOR | ||
SHOP SALES AREA | 44.12 SQ M | 457 SQ FT |
KITCHEN / WC | 8.42 SQ M | 91 SQ FT |
STORE | 2.56 SQ M | 28 SQ FT |
FIRST FLOOR | ||
GROSS INTERNAL AREA | 71.63 SQ M | 771 SQ FT |
SECOND FLOOR | ||
GROSS INTERNAL AREA | 71.63 SQ M | 771 SQ FT |
TOTAL | 198.36 SQ M | 2,136 SQ FT |
Location
Pricing
Contact Neil Wild
44 South Bar Street
Banbury
Oxon OX16 9AB
Email: