Property for sale
Property description & features
The Head Lease
999 years from 8th September 2016 at a peppercorn ground rent.
The Tenant's Sublease
Recently renewed for a term of 5 years starting 1st November 2021, at a passing rent of £12,000.00pa exclusive, with a full repairing and insuring liability, index-linked rent reviews (due in November 2022 and 2025), a tenant's break option at the end of year 3, lease held outside Part 2 of the Landlord & Tenant Act 1954
The Location
Wantage is located in southern Oxfordshire, approximately 15 miles south west of Oxford at the junction of the A338 and A417, approx. 6 miles west of the A34 Milton Interchange near Didcot. Along with nearby Grove the town is experiencing extensive housing and population growth, which is set to continue for a number of years to come. The shop fronts onto busy Wallingford Street on the east side of the town centre where Wallingford Street is the sole route in and out of the town on that side. The premises are on the south side of the street, in the designated primary shop frontage and conservation areas, opposite a large Waitrose store.
Price guide and terms
Offers in the region of £145,000 are invited for the long leasehold interest, with each party covering their own costs however arising.
VAT status
We understand the property is not opted in for VAT therefore the purchase price will not attract VAT.
Energy Performance Rating
C/54 (full details on request).
Flood risk
From the Environment Agency's "Flood Map for Planning" the shop is indicated as being in an area designated as Zone 1 (Low Risk).
Business Rates
Rateable Value (April 2023) £11,000. The Small Business Rate Multiplier for 2023/24 is0 x 0.499 = £5,489.00 payable by the tenant but, assuming maximum business rates relief applies the tenant's actual liability should be £Nil.
Planning and rating authority
Vale of White Horse District Council 135 Eastern Avenue, Milton Park, Abingdon OX14 4SB[use Contact Agent Button]
Viewing
Strictly by prior appointment please with the sole agent, Green & Co Commercial and Development Agency, Monday to Friday 9am to 6pm only. Tel.[use Contact Agent Button] ref. RH or e-mail: [use Contact Agent Button]
Agent's notes
1. The freehold to the whole building, which includes 1st and 2nd floor flats over, is owned by a third party and is not for sale. 2. The flats are completely self-contained and independently accessed from the rear of the building.3. The shop is also accessible from the rear, via a shared passageway off Wallingford Street to the right of the premises.
Tenure: Leasehold
Property information from this agent
Places of interest
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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