Restaurant for sale

Market Place, Didcot OX11

Investment Consideration:
Gross Initial Yield: 8.25%
Rental Income: £16,500 p.a.
Let until February 2031. No breaks.
VAT is applicable to this property. Togc available.
Comprises ground floor takeaway shop
Situated in the heart of Didcot town centre, prominently position on the north side of Broadway
Occupiers nearby including Puregym, Iceland, Scrivens, Holland & Barrett, tg Jones and Subway.

Property Description:
Comprises ground floor takeaway, providing the following accommodation and dimensions:
Ground Floor: 57.3 sq m (616 sq ft)
Open plan takeaway, kitchen, storage

Tenure:
Long leasehold. Held on a 999 year lease from 2026 at a ground rent of peppercorn.

Tenancy:
The property is at present let to an Individual for a term of 10 years from 2nd February 2021 at a current rent of £16,500 per annum and the lease contains full repairing and insuring covenants. No breaks. Deposit held of £4,125 + VAT. Rent review from February 2026 outstanding.

Location:
The property is situated in the heart of Didcot town centre, prominently position on the north side of Broadway. The property benefits from being a short walk to Didcot Parkway Railway Station and some 50 metres from The Orchard Centre, home to occupiers including Sainsbury's, Currys, Nandos, Burger King, McDonal's, Shoezone and Holland & Barrett. Other nearby occupiers include Puregym, Iceland, Scrivens, tg Jones and Subway.