£2,900,000
(£229.63/sq. ft)
Retail premises for sale21-27 Market Square, Witney OX28
12,629 sq. ft
Freehold
About this property
Fully let
Prime retail investment
0.40 acre site
Passing rent of £202,500pa
A new 10 year lease to Lakeland has been agreed
Description
The property comprises a predominantly two-storey building of masonry construction with an attractive Cotswold stone façade.
Internally, it is arranged to provide three modern retail units, with the benefit of a rear service yard accessed via Langdale Gate. Unit 1 (Nos. 21–23) spans two floors and benefits from both stair and lift access. Units 2 (No. 25) and 3 (No. 27) are arranged over the ground floor only. There are 10 residential flats at first-floor level, which are being sold off on a long leasehold basis.
The site extends to 0.40 acres
Location
Strategically located on the A40 approximately 12 miles west of Oxford, Witney is an attractive market town, offering good communications on both a local and national level. Witney has become an established commercial location and is expected to undergo further expansion over the coming years.
Within Witney itself, the subject premises are situated on Market Square, the prime trading pitch in the heart of the town centre. The premises occupy a prominent position nearby the Woolgate Shopping Centre.
Terms
The property is available for sale freehold at a price of £2,900,000.
The property is elected for VAT. It is expected the investment sale will be treated as a Transfer of a Going Concern (togc).
The property comprises a predominantly two-storey building of masonry construction with an attractive Cotswold stone façade.
Internally, it is arranged to provide three modern retail units, with the benefit of a rear service yard accessed via Langdale Gate. Unit 1 (Nos. 21–23) spans two floors and benefits from both stair and lift access. Units 2 (No. 25) and 3 (No. 27) are arranged over the ground floor only. There are 10 residential flats at first-floor level, which are being sold off on a long leasehold basis.
The site extends to 0.40 acres
Location
Strategically located on the A40 approximately 12 miles west of Oxford, Witney is an attractive market town, offering good communications on both a local and national level. Witney has become an established commercial location and is expected to undergo further expansion over the coming years.
Within Witney itself, the subject premises are situated on Market Square, the prime trading pitch in the heart of the town centre. The premises occupy a prominent position nearby the Woolgate Shopping Centre.
Terms
The property is available for sale freehold at a price of £2,900,000.
The property is elected for VAT. It is expected the investment sale will be treated as a Transfer of a Going Concern (togc).
.png){kind=logo}