60 - 66 (even) High Street, Chalgrove, Oxford, Oxfordshire, OX44 7SS

Lot Image

Auction sale - Monday 17th July 2017

Result:

Sold for £850,000

Upon the instructions of

Executors
  • Freehold retail & residential investment
  • Established local parade with asset management opportunities
  • Includes 3 shops (one double unit), 4 flats and lock up garages
  • Current rent £41,000 per annum

Addendum

The flat at No.66A has three bedrooms and not as stated under the Description sub-heading.
The most recent insurance premiums have just been demanded from the tenants. The Seller will manage any payments received between exchange and completion although some may remain outstanding upon completion.

Details

Location

Summary: Neighbourhood parade with asset management opportunity
Miles: Oxford 12 miles, High Wycombe 17 miles
Roads: B480, B4009, A329, M40 (junction 7)
Rail: Lower Radley, West End and High Ropes Oxford

Description

The property comprises a substantial mixed use detached neighbourhood parade arranged as three shops (one double unit) and four flats. The flats are each self-contained and are arranged over the first and second floors. They each have two bedrooms apart from the flat over No.66 that has four bedrooms. They are all accessed from the rear of the property. There is good on site car parking as well as a terrace of lock up garages to the rear of the site. The property is situated on the south side of High Street, close to the junction with Hardings, within an affluent and popular village location.

Tenure

Freehold

VAT

The Seller has not elected to charge VAT

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL £41,000
60/60A & 62/62A Hatch Ride Properties (No. 60/60A & 62/62A is sublet to Chalgrove Pharmacy Ltd) (1) Ground First/second Retail/storage Residential (as two flats) 80.08 2 x two bedroom flats 862 15 years from 05/04/2017 £20,000 05/12/2022 & 5 yearly
64/64A B Battista t/a Posies (1) Ground First/second Retail/workshop Residential 40.12 Two bedroom flat 432 15 years from 27/01/2006 £10,000 27/01/2018 & 3 yearly
66/66A B & S Patel t/a Londis (1) Ground First/second Retail Residential 73.02 Three bedroom flat 786 15 years from 25/03/2008 £11,000 25/03/2017 & 3 yearly
(1) The flats have each been sub-let.

Contact

Seller's solicitor

ASB Law Solicitors

Jan Martell

01293 603600

jan.martell@asb-law.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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