News Cafe, 1 - 2 Ship Street

1 - 2 Ship Street
Oxford, OX1 3DA

Use Class E(b)

2,895 sq ft

£62,000

Use Class

E(b)

Size

2,895 sq ft

Rent pa

£62,000

Marketed by Stephen Kane & Co

Last updated 26/07/2017

A3 LEASE FOR SALE
80 COVERS
CONFIDENTIALLY AVAILABLE

The restaurant is located close to the junction with Cornmarket Street in the heart of this extremely busy and popular tourist and affluent university town complemented by nearby operators including Russell & Bromley (opposite), Next, GAP, River Island, and Boswells & Co Department Store.

Use Class

A3

Tenure

Leasehold

Viewing

Strictly by appointment.
Staff are unaware.

Accommodation

Accommodation details below:

Areas

	sq ft	sq m
Ground Flr Rest 50 covers	604	56.1
Kitchen & Anc	334	31
First Flr Rest 30 covers	597	55.5
Basement Store	608	56.5
Second Flr Anc	523	48.6
Third Flr Anc	240	22.3

Financial

Lease Type

Existing Lease

Lease Term

The premises are available by way of an assignment of an existing 10 year lease on an internal repairing and insuring basis effective from 25 December 2015 subject to 5 yearly rent reviews within the Landlord & Tenant Act 1954.

Incentive

PREMIUM
Offers invited.

Rent Review

2020/12 - 5 years

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.

Rateable Year:	2016
Rateable Value:	£51,000.00
Rates Payable:	£25,347.00
UBR:	49.7p/£

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Last Updated

26/07/2017

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.