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SOLD STC

Corn Street, Witney, Oxfordshire, OX28

Guide Price
£725,000

£262.11 per sq ft

Business rates & charges may apply

BWP Commercial Property, Home Counties
SIZE AVAILABLE

2,766 sq ft

257 sq m

SECTOR

5 bedroom mixed use property for sale

USE CLASSUse class orders: C3 Dwelling Houses and Class E

C3, E

Key features

  • Freehold Investment Opportunity
  • GIA c.2,766 Sq.ft
  • Large ground floor retail unit let on a 10-year lease from 2019
  • 2 x Two-Bedroom Flats and One Studio let on AST agreements
  • Combined total rent income of £60,540/pa
  • Not Elected For VAT
  • 7.88% NIY

Description

Location:
Corn Street is a central and historically significant street located in Witney, Oxfordshire. Characterized by its charming architecture, it hosts a variety of shops, restaurants, and businesses, making it a popular destination for both locals and visitors. Witney is known for its markets and Corn Street often hosts community events and markets, adding to its vibrant atmosphere. Situated in the heart of Witney, it provides easy access to the surrounding Oxfordshire countryside.

Connections:
Witney offers a well-connected commuting network. The A40 road connects the town to key destinations like Oxford, Cheltenham and London. Hanborough Railway Station is approximately 6 miles east of Witney, where regular train services run to Oxford and other destinations. Alternatively, Oxford Parkway, which is about 9 miles east of Witney provides connections to Oxford, London, and other major cities.

Description:
There are two 2-bedroom self-contained apartments and a ground floor studio. The retail unit with frontage straight onto Corn Street is currently occupied by a successful local tattoo studio.

Tenancy:
A large ground floor retail unit which is let a successful tattoo parlour, who have a lease until 2029 with a break in August 2024 and 3 yearly rent reviews. The current rent passing is £25,500 per annum. On the upper floors there are 2 large 2-bedroom apartments together with a ground floor studio all let on AST agreements and generating a combined £35,040 pa.

Brochures

Corn Street, Witney, Oxfordshire, OX28

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Finstock Station4.8 miles
  • Combe Station5.2 miles
  • Hanborough Station5.7 miles

Notes

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