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11-19 Stert Street, Abingdon, OX14 3JF

  • Investments
  • 2,963 sq ft
  • For Sale
11-19 Stert Street, Abingdon, Investments For Sale - Screenshot 20240429 102227.png
Property Type Investments
Tenure For Sale
Size 2,963 sq ft
Price Offers in excess of £525,000
Business Rates Upon Enquiry
Energy Performance Rating Upon enquiry

Freehold Retail Investment with Residential Upper Parts

Key Features

  • Located in Historic Market Town
  • Freehold retail investment
  • Residential upper parts sold on long leases
  • Rent £55,300 pa
  • Offers sought in excess of £525,000 stc
  • Net Initial Yield 10%

Description

The parade comprises a 1960s 3 storey property comprising of ground floor shops with two floors of self contained residential above together with an adjoining stand alone retail unit comprising the following:

No. 13 - Shop with 1 car parking space sales area 766 sq ft, store area 115 sq ft
No. 15 - Shop 634 sq ft
No. 17 - Shop with 1 car parking space 844 sq ft
No. 19 - Shop sales area 387 sq ft, store area 87 sq ft mezzanine 130 sq ft
Flat A - Residential with 1 bedroom, reception/kitchen, bathroom/wc
Flat B - Residential with 2 bedrooms, reception/kitchen, bathroom/wc
Flat C - Residential with 2 bedrooms, reception/kitchen, bathroom/wc
Flat D - Residential with 1 bedroom, reception/kitchen, bathroom/wc
Flat E - Residential with 2 bedrooms, reception/kitchen, bathroom/wc
Flat F - Residential with 2 bedrooms, reception/kitchen, bathroom/wc

Location

Abingdon is a historic market town on the banks of the river Thames some 8 miles south of Oxford and 60 miles north of London via the M40 motorway at junction 7. The town is served by the A34 Trunk Rd which runs between Winchester to the south and Oxford to the north. Stert Street is lined with quaint period style buildings leading up to the church tower of St Nicolas on the Market Place with the Guildhall immediately to the rear. There’s a quick route through from the Market Place at one end and just a few yards from the Charter Car Park at the other. The location offers many independent retailers.

Tenancies

Please refer to brochure.

Tenure

Freehold.

EPC

Information can be found in our data room.

Proposal

We are instructed to seek offers in excess of £525,000 (Five Hundred and Twenty Five Thousand Pounds), subject to contract. A purchase at this level reflects an attractive Net Initial Yield of 10%.

VAT

The property is not registered for Value Added Tax.

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Further Information

Lease details and other information can be found in our dataroom.