Industrial unit

The 1.2-acre site consisting of garage & car sales; a residential unit providing 2 apartments; a fully leased self-storage facility and large garden area is located towards the northern edge of Arncott village, sandwiched between residential properties fronting the south-eastern side of Ploughley Road.  The residential flats are situated within a two-storey house - 63 Ploughley Road situated at the front of the main site.

Garage & Car Sales Site – Potential Rental Income £30,000 pax
A garage unit together with first floor offices and an area of hardstanding in front of the garage, totalling some circa 330 sq m, formally used for car sales – circa 20 spaces.  The garage incorporates an MOT bay that is a one man automated test lane with a steel lined inspection pit, currently used for class 4 and class 7 vehicles, together with a rolling road. The property benefits from B2 General Industrial use.

Self-Storage Site – Current Income £22,800 per annum
Situated within the site is an area of hardstanding with 11 self-storage containers 4 x 1170 sq ft and 7 x 1173 sq ft – owned by the vendors, currently leased on informal agreements at a total rental of £22,880 per annum.

Occupiers benefit from 24 hours access at current low rentals of £35 – £40 per week and pay their own contents insurance. The units have been let continuously for over 5 years.

Land/Garden Site – circa 0.5 acres
To the north of the garage, a large garden area/plot of land exists and also forms part of the sale. We consider this land has good development potential (subject to the relevant consents being obtained). There will be a ‘clawback’ provision agreed in this connection.

Residential Flats – Current Income £18,000 per annum
The residential element of the site for sale comprises a two-storey house with rendered elevations; 2 chimney stacks; a pitched roof; UPVC sealed casements and a rear garden area. Both are let on assured short-hold tenancies. The ground floor flat provides two bedrooms and is currently let at a rental of £600 per month. An EPC is available upon request.  The first floor flat also has two bedrooms and is let at a rental of £900 per month. The EPC for the first floor flat is available upon request.  The total rental income from the residential equates to £18,000 per annum.

The subject site is situated in Lower Arncott, just 2.5 miles from Bicester, Oxfordshire and located close to the A41, also 5 miles from J9 of the M40 Motorway.

The site is bounded to the west side by MOD Land; to the east by the frontage houses along Ploughley Road, to the south by the car park to the rear of The Tally Ho Hotel and to the north by a small copse of trees surrounding a pond.

Access to the site is gained via the wide concrete driveway and hardstanding that passes between Nos.61 and 63 Ploughley Lane, leading southwest directly off Ploughley Road.

The town of Bicester is strategically located on the M40 corridor, virtually midway between London and Birmingham and some 12 miles north of Oxford via the A34/A41 trunk road. Bicester is approximately 4 miles from Junction 9 of the M40, connected by the dual carriageway of the A41 trunk road.