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25 Sheep St
Bicester OX26 6JF

Retail Property For Sale

Retail Space Oxfordshire Bicester 25 Sheep St, Bicester, OXF OX26 6JF

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.

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
$1,048,244
Price Per SF
$294
Cap Rate
6%
NOI
$62,895
Tenancy
Single
Building Height
3 Stories
Building FAR
0.89
Lot Size
0.09 AC
Parking
4 Spaces (1.12 Spaces per 1,000 SF Leased)

Amenities

  • Storage Space
 

  • Listing ID: 31202366

  • Date on Market: 3/13/2024

  • Last Updated:

  • Address: 25 Sheep St, Bicester OX26 6JF

The Retail Property at 25 Sheep St, Bicester, OX26 6JF is currently available for sale. Contact FMX Urban Property Advisors for more information.

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