Offers in region of
£1,200,000
(£160.11/sq. ft)
Property for saleSheep Street, Bicester, Oxfordshire OX26
7,495 sq. ft
Available immediately
About this property
Rental income of £91,260 pa
Long standing occupiers
Reversionary opportunity
Fully let mixed use investment within Bicester town centre - revised pricing
Comprising a prominent town centre retail holding with associated storage and rear loading together with three self-contained flats above.
Investment highlights
Longstanding residential and retail occupiers
Prominent location opposite access to Sainsburys and B&M
Flexibility to create two retail units, if required
Reversionary potential to circa 9.58%
VAT not applicable
The subject property is prominently located at the top of Sheep Street, Bicester town centre's main retail thoroughfare. The town centre has a mix of both national and independent chains including Coffee#1, Vision Express, Holland Barrett, Boots Pharmacy and New Look. The building is situated opposite B&M Discount Stores and the access to Pioneer Square, anchored by Sainsburys with public parking for 526 cars.
Bicester is a rapidly expanding market town, with significant housing and commercial projects underway and planned, together with the expansion of the world-renowned Bicester Village outlet centre
Guide price of £1,200,000 (one million two hundred thousand pounds), subject to the existing tenancies.
We are instructed to quote a guide price of £1,200,000 (one million two hundred thousand pounds), subject to the existing tenancies.
This pricing shows a net initial yield of 7.18% and a potential reversionary yield of 9.58% assuming normal purchaser costs and based on our rental estimates, not to be formally relied upon.
VAT is not applicable to the sale price.
Strictly by appointment with agents.
Comprising a prominent town centre retail holding with associated storage and rear loading together with three self-contained flats above.
Investment highlights
Longstanding residential and retail occupiers
Prominent location opposite access to Sainsburys and B&M
Flexibility to create two retail units, if required
Reversionary potential to circa 9.58%
VAT not applicable
The subject property is prominently located at the top of Sheep Street, Bicester town centre's main retail thoroughfare. The town centre has a mix of both national and independent chains including Coffee#1, Vision Express, Holland Barrett, Boots Pharmacy and New Look. The building is situated opposite B&M Discount Stores and the access to Pioneer Square, anchored by Sainsburys with public parking for 526 cars.
Bicester is a rapidly expanding market town, with significant housing and commercial projects underway and planned, together with the expansion of the world-renowned Bicester Village outlet centre
Guide price of £1,200,000 (one million two hundred thousand pounds), subject to the existing tenancies.
We are instructed to quote a guide price of £1,200,000 (one million two hundred thousand pounds), subject to the existing tenancies.
This pricing shows a net initial yield of 7.18% and a potential reversionary yield of 9.58% assuming normal purchaser costs and based on our rental estimates, not to be formally relied upon.
VAT is not applicable to the sale price.
Strictly by appointment with agents.
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£6,002 per month
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