Offers over
£350,000
(£184.40/sq. ft)
Property for sale126 - 128 Broadway, Didcot OX11
1,898 sq. ft
Just added
Freehold
About this property
Good frontage on Broadway
High Footfall Location
Fully let producing £30,250 pa
Let quickly when vacant
Long Term development potential, subject to planning
Description
Prominent two storey property of masonry construction with rendered elevations under a flat roof. The property is let to three retail tenants with the following key lease terms.
Unit 126A
Term 6 years from 1st February 2022
Rent £7,000 pa
Rent Review 1st February 2025 to open market rent
Unit 126B
Term 15 years from 09/06/2026
Rent £9,750 pa
Rent Review Every 5th anniversary, upward only, open market rent review
Break Tenant option to break at the 5th anniversary
Unit 128
Term 9 years from 13th November 2019
Rent £13,500 pa
Rent Review 13th November 2022 and every third anniversary to open market rent
Location
Strategically located just off the A34, approximately 15 miles south of Oxford, Didcot is an established market town home to a rapidly expanding population and a growing commercial sector. Excellence of communications is afforded by road and rail, with the A34 providing a direct dual carriageway link with the M4 and M40 motorways. By rail, Didcot Parkway br Station serves as a mainline interchange and offers a fast
service to London Paddington. The subject premises occupy a prominent position on Broadway, a prime trading location within Didcot.
Terms
The freehold interest in the property is available to purchase, subject to existing tenancies.
Prominent two storey property of masonry construction with rendered elevations under a flat roof. The property is let to three retail tenants with the following key lease terms.
Unit 126A
Term 6 years from 1st February 2022
Rent £7,000 pa
Rent Review 1st February 2025 to open market rent
Unit 126B
Term 15 years from 09/06/2026
Rent £9,750 pa
Rent Review Every 5th anniversary, upward only, open market rent review
Break Tenant option to break at the 5th anniversary
Unit 128
Term 9 years from 13th November 2019
Rent £13,500 pa
Rent Review 13th November 2022 and every third anniversary to open market rent
Location
Strategically located just off the A34, approximately 15 miles south of Oxford, Didcot is an established market town home to a rapidly expanding population and a growing commercial sector. Excellence of communications is afforded by road and rail, with the A34 providing a direct dual carriageway link with the M4 and M40 motorways. By rail, Didcot Parkway br Station serves as a mainline interchange and offers a fast
service to London Paddington. The subject premises occupy a prominent position on Broadway, a prime trading location within Didcot.
Terms
The freehold interest in the property is available to purchase, subject to existing tenancies.
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Monthly repayment
£1,750 per month
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