25 Sheep St
Bicester OX26 6JF
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Situated In Affluent and Historic Market Town
- Prime Pedestrianised Retail Pitch
EXECUTIVE SUMMARY
Bicester is a highly affluent and historic market town situated in Oxfordshire.
The town centre is soon to benefit from a £4.25m town centre regeneration fund from Cherwell District Council.
The subject property is situated in the 100% prime pedestrianised retail pitch on Sheep Street.
The property is let entirely to the undoubted covenant of Specsavers Optical Superstores Ltd.
The tenant has recently extensively refitted and is a core store for Oxfordshire.
Let on a new 10 year lease without break, expiring November 2033.
Current passing rental of £52,500 per annum.
Freehold.
The town centre is soon to benefit from a £4.25m town centre regeneration fund from Cherwell District Council.
The subject property is situated in the 100% prime pedestrianised retail pitch on Sheep Street.
The property is let entirely to the undoubted covenant of Specsavers Optical Superstores Ltd.
The tenant has recently extensively refitted and is a core store for Oxfordshire.
Let on a new 10 year lease without break, expiring November 2033.
Current passing rental of £52,500 per annum.
Freehold.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,568 SF
Building Class
B
Year Built
1800
Price
£830,000
Price Per SF
£232.62
Net Initial Yield
6%
NOI
£49,800
Tenancy
Single
Number of Floors
3
Building FAR
0.89
Lot Size
0.09 AC
Parking
4 Spaces (1.12 Spaces per 1,000 SF Leased)
AMENITIES
- Storage Space
