Guide price
£375,000
(£231.20/sq. ft)
Office for saleAelfric Court, 2 Oxford Road, Eynsham, Witney, Oxfordshire OX29
1,622 sq. ft
Freehold
About this property
Investment Opportunity
Commercial Office Buildings
Attractive Location
Good Local & National Road Links
Producing Annual Income
Businesses Not Affected
Location
Strategically located on the A40, approximately midway between Oxford and Witney the ancient market town of Eynsham is the fourth largest settlement in West Oxfordshire. An attractive market town retaining much of its medieval heritage, it offers good communications on both a local and national level and is a popular destination for tourists.
Travelling into the town from the A40 heading south on the B4449 carry on to the second roundabout, then take the 3rd exit signposted Eynsham. Proceed approximately 400m toward the town centre and the property will be found signposted on the left-hand side.
Description
The property comprises 3 individual commercial office buildings (2 of which are interconnected) situated around a private gravelled courtyard providing dedicated parking. The property is currently producing an annual rent of £19,800 per annum, with potential of £27,200 per annum when fully let.
Accommodation
Unit 1 (Ground Floor)
Office: 27'4'' x 15'3''
Kitchen: 6'5'' x 4'5''
WC
Unit 2 (Ground Floor )
Office: 23' x 14'2''
Unit 3.1 (Ground Floor)
Office: 15'11'' x 12'4''
Unit 3.2 (Ground Floor)
Office: 15' x 12'4''
Unit 3.1 (First Floor)
Office: 23'4'' x 11'3''
Plus Storage Areas 8' x 5' & 5' x 3'
Total N.I.F.A. Approx. 1,622 sq.ft. (150.68 sq.m.)
Existing Business Lease Terms
Unit 1 (Ground Floor)
Term -5 years from 26.02.2025 outside lta 1954.
Rent - £9,000 p.a.x. Under internal repairing terms
Deposit - 3 months rent & guarantee.
Break Option - ll & T on 3rd anniversary.
Service Charge - £342.16 pcm.
Rent Review - On 3rd anniversary to Market Rent.
Utilities & Business Rates - recharged in S/C.
Unit 2
Term - 5 years from 26.07.2024 outside lta 1954
Rent - £7,000 p.a.x. Under internal repairing terms
Deposit - 3 months rent & guarantee.
Break Option - ll & T on each anniversary.
Service Charge - £471.36 pcm
Rent Review - None.
Utilities & Business Rates - recharged in S/C
Unit 3.1 (Ground Floor)
Term - 5 years from 06.12.2023 outside lta 1954
Rent - £3,800 p.a.x. Under internal repairing terms
Deposit - 3 months rent.
Break Option - ll & T on 05.12.2026.
Service Charge - £309.68 pcm
Rent Review - None.
Utilities & Business Rates - recharged in S/C
Unit 3.2
Vacant - Previously let at £4,000 p.a.x.
Unit 3.1 (First Floor)
Vacant - Previously let at £3,400 p.a.x.
Guide Price
Guide Price - £375,000.
VAT
VAT is not payable.
Business Rates
Unit 1
Rateable Value - £6,500.
Unit 2, Unit 3.1 Ground Floor, Unit 3.1 First Floor & Unit 3.2
currently rated as a whole.
Rateable Value - £14,750.
(Recharged to the Tenants within the service charge)
Local Authority
West Oxfordshire District Council, Council Offices, Witney, OX28 1NB. Tel:
Energy Performance Certificate
The properties have the following EPC ratings:
Unit 1 - D
Unit 2 - C
Unit 3.1 Ground Floor - C
Unit 3.1 First Floor - D
Unit 3.2 - C
Anti-Money Laundering Regulations and idv
Marriotts Property llp will carry out aml checks on all purchasers to comply with current legislation, and as such will need to verify id documents to prove identity and proof of address.
Strategically located on the A40, approximately midway between Oxford and Witney the ancient market town of Eynsham is the fourth largest settlement in West Oxfordshire. An attractive market town retaining much of its medieval heritage, it offers good communications on both a local and national level and is a popular destination for tourists.
Travelling into the town from the A40 heading south on the B4449 carry on to the second roundabout, then take the 3rd exit signposted Eynsham. Proceed approximately 400m toward the town centre and the property will be found signposted on the left-hand side.
Description
The property comprises 3 individual commercial office buildings (2 of which are interconnected) situated around a private gravelled courtyard providing dedicated parking. The property is currently producing an annual rent of £19,800 per annum, with potential of £27,200 per annum when fully let.
Accommodation
Unit 1 (Ground Floor)
Office: 27'4'' x 15'3''
Kitchen: 6'5'' x 4'5''
WC
Unit 2 (Ground Floor )
Office: 23' x 14'2''
Unit 3.1 (Ground Floor)
Office: 15'11'' x 12'4''
Unit 3.2 (Ground Floor)
Office: 15' x 12'4''
Unit 3.1 (First Floor)
Office: 23'4'' x 11'3''
Plus Storage Areas 8' x 5' & 5' x 3'
Total N.I.F.A. Approx. 1,622 sq.ft. (150.68 sq.m.)
Existing Business Lease Terms
Unit 1 (Ground Floor)
Term -5 years from 26.02.2025 outside lta 1954.
Rent - £9,000 p.a.x. Under internal repairing terms
Deposit - 3 months rent & guarantee.
Break Option - ll & T on 3rd anniversary.
Service Charge - £342.16 pcm.
Rent Review - On 3rd anniversary to Market Rent.
Utilities & Business Rates - recharged in S/C.
Unit 2
Term - 5 years from 26.07.2024 outside lta 1954
Rent - £7,000 p.a.x. Under internal repairing terms
Deposit - 3 months rent & guarantee.
Break Option - ll & T on each anniversary.
Service Charge - £471.36 pcm
Rent Review - None.
Utilities & Business Rates - recharged in S/C
Unit 3.1 (Ground Floor)
Term - 5 years from 06.12.2023 outside lta 1954
Rent - £3,800 p.a.x. Under internal repairing terms
Deposit - 3 months rent.
Break Option - ll & T on 05.12.2026.
Service Charge - £309.68 pcm
Rent Review - None.
Utilities & Business Rates - recharged in S/C
Unit 3.2
Vacant - Previously let at £4,000 p.a.x.
Unit 3.1 (First Floor)
Vacant - Previously let at £3,400 p.a.x.
Guide Price
Guide Price - £375,000.
VAT
VAT is not payable.
Business Rates
Unit 1
Rateable Value - £6,500.
Unit 2, Unit 3.1 Ground Floor, Unit 3.1 First Floor & Unit 3.2
currently rated as a whole.
Rateable Value - £14,750.
(Recharged to the Tenants within the service charge)
Local Authority
West Oxfordshire District Council, Council Offices, Witney, OX28 1NB. Tel:
Energy Performance Certificate
The properties have the following EPC ratings:
Unit 1 - D
Unit 2 - C
Unit 3.1 Ground Floor - C
Unit 3.1 First Floor - D
Unit 3.2 - C
Anti-Money Laundering Regulations and idv
Marriotts Property llp will carry out aml checks on all purchasers to comply with current legislation, and as such will need to verify id documents to prove identity and proof of address.
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