Retail premises for sale

Market Place, Didcot OX11

Investment Consideration:
Gross Initial Yield: 8.11%
Rental Income: £15,000 p.a.
VAT is applicable to this property. Togc available.
Comprises ground floor retail unit t/a Bubble Tea 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 retail shop, providing the following accommodation and dimensions:
Ground Floor: 52 sq m (559 sq ft)
Open plan retail, storage, wc

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 8 Years from 23rd June 2023 at a current rent of £15,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 23.06.27 open market upward only. Tenant option to determine on 23.06.27 with min 6 months notice. Deposit held of £3,750 + VAT

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.