Restaurant for sale
Property description & features
The Headlease for sale
A term of 999 years from 6th March 2017 (so more than 991 years remaining) at a peppercorn ground rent.
Location
Wantage is located in affluent southern Oxfordshire, approximately 15 miles southwest of Oxford at the junction of the A338 with the 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, set to continue for several years. The premises are on the south side of busy Wallingford Street which is the sole route in and out of the town centre on the eastern side and within both the designated Primary Shop Frontage Area and Conservation Area, opposite a large Waitrose
Price guide and procedure for offers to purchase
Written offers to purchase* in the region of £180,000 (subject to contract) are invited, with each party covering its own costs. *In the format required by the selling agent's informal tender document, which is available on request and to be received by the selling agent no later than 12 noon on Friday 31st May 2024. Offers to let the Premises can also be submitted, based on a guide rent of £18,000pa exclusive. However, the Vendor's preference is to sell its interest so offers to let will only be considered in the event an acceptable offer to buy is not received.
VAT
We understand that VAT is not payable in addition to the purchase price.
Energy Performance Rating
D/77. Full details available on request.
Business Rates
Rateable Value - £12,250 (April 2023). The Small Business Rate multiplier for 2024/25 is x 0.499 = £6,112.75 payable. Assuming eligibility for Small Business Rate Relief applies the actual amount payable will be minimal. Please contact VWHDC directly for confirmation.
Planning and rating authority
Vale of White Horse District Council, Abingdon. [use Contact Agent Button]
Viewing
By prior appointment with the sole selling agent, Monday to Friday only between 9am and 6pm. 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 not for sale. 2. The Premises are accessible from the rear via the shared passageway to the right. 3. The Premises were previously used as an Indian restaurant and are ventilated at the rear.4. The kitchen features stainless steel ware including a 7-ring gas range and extractor. There is a walk-in fridge and others in situ.
Tenure: Freehold
Property information from this agent
Places of interest
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Property reference 12397743. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Green & Co - Wantage Sales.
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Broadband availability and predicted speed: obtained from Ofcom on May 18, 2022
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
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on May 18, 2022
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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