130 The Broadway | Didcot OX11 8DB
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130 The Broadway
Didcot OX11 8DB
Office Property For Sale
Investment Highlights
- Busy And Prominent Location
- Dedicated Parking Spaces
- Didcot Parkway Provides Good Access To Central London
Executive Summary
The property comprises a purpose-built office building over ground to second floors, occupied as a Job Centre building and arranged to
comprise a variety of open-plan office floor plates, meeting rooms, staff ancillary accommodation and kitchen area.
The property also benefits from five dedicated parking spaces.
The property provides the following approximate net internal floor areas (NIA):
Ground Floor: 1,168 sq ft 108.60 sq m
First Floor: 1,804 sq ft 167.62 sq m
Second Floor: 1,945 sq ft 180.68 sq m
Total: 4,917 sq ft 456.90 sq m
The property is let entirely to The Secretary of State for Communities and Local Government for a term of ten years from 1st
April 2018, at a current rental of £92,000 per annum. There was a tenant break option on 31st March 2023 which was not exercised.
We believe that the property benefits from a potential change of use over the upper floors to residential. This is subject to vacant possession and the relevant planning consent.
A change of use to residential accommodation was historically granted in August 2016. Ref: P16/S2829/PDO
EPC - D - 88.
comprise a variety of open-plan office floor plates, meeting rooms, staff ancillary accommodation and kitchen area.
The property also benefits from five dedicated parking spaces.
The property provides the following approximate net internal floor areas (NIA):
Ground Floor: 1,168 sq ft 108.60 sq m
First Floor: 1,804 sq ft 167.62 sq m
Second Floor: 1,945 sq ft 180.68 sq m
Total: 4,917 sq ft 456.90 sq m
The property is let entirely to The Secretary of State for Communities and Local Government for a term of ten years from 1st
April 2018, at a current rental of £92,000 per annum. There was a tenant break option on 31st March 2023 which was not exercised.
We believe that the property benefits from a potential change of use over the upper floors to residential. This is subject to vacant possession and the relevant planning consent.
A change of use to residential accommodation was historically granted in August 2016. Ref: P16/S2829/PDO
EPC - D - 88.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,917 SF
Building Class
C
Year Built
1965
Price
$1,155,595
Price Per SF
$235
Cap Rate
9.50%
NOI
$109,782
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,639 SF
Building FAR
1.96
Lot Size
0.06 AC
Amenities
- Kitchen
- Energy Performance Rating - D
- Open-Plan
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