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11 Burford Road Burford Road, Carterton, OX18 3AG

Sold
11 Burford Road, Carterton - Picture 2022-01-27-12-12-15
Use Class

Use Class

E

Size

Size

2,173 sq ft

Rent pa

Rent pa

POA

Price

Price

£715,000

Key Features

  • Carterton is a popular Oxfordshire town situated on the edge of The Cotswolds.

  • The property occupies a prime position within the town.

  • Let to WY & SF Limited (t/a Costa) – the main Costa Coffee franchisee for West Oxfordshire and Berkshire.

  • Tenant did not exercise their August 2021 break option demonstrating commitment to the location.

  • Rent reviewed 5 yearly to RPI (C+C 1% - 4%).

  • Freehold.

  • Offers invited in excess of £715,000 (Seven Hundred and Fifteen Thousand Pounds) subject to contract and exclusive of VAT.

  • A purchase at this level reflects a Net Initial Yield of 7.00% rising to c. 8.00% in July 2026, assuming 2.75% annual RPI growth and purchaser’s costs of 5.03%.

Description

Well Secured Retail Investment

The subject property comprises a double fronted unit of brick construction that forms part of a wider retail parade. Costa trade from ground floor only with the main sales area to the front of the store and staff areas to the rear. There is a remote storage unit situated to the rear of the property.

There are three residential flats situated above the shop unit and accessed via a steel staircase to the rear left hand side of the property. The residential parts have been sold off on Long Leaseholds

Key Information

Legal

In order to comply with AML legislation, the preferred purchaser will be required to provide certain identification documents at the relevant time

Accommodation

2,173 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor (Sales)
2,095
194
Ground Floor (Remote Store)
78
7.25

Financial

Tenure

Freehold

Sustainability

An Energy Performance Certificate is available on request

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 20/02/2024