2Shop
2A freehold investment opportunity comprising a, ground floor retail unit and a spacious first floor apartment, with parking, set within Oundle town centre.
This attractive mixed-use investment opportunity comprises a ground floor, retail unit of 66 sq. m and a large, two bedroom apartment of 110 sq. m.
The ground floor
A lock-up shop unit of 66 sq. m (704 sq. ft) with front and rear access and two parking spaces, to the rear.
Tenant - Oxfam
Lease Term - 10 years from 14 March 2019
Rent - £10,000 per annum, paid quarterly in advance.
Rent Review - February 2024.
The First Floor
This superbly proportioned apartment, is accessed via an external staircase to the rear of the building. The large, 110 sq m (1174 sq ft) and light accommodation, with south-facing windows, offers a kitchen, a dining room, a sitting room, two double bedrooms, a bathroom and cloakroom.
Outside, there is a small courtyard and a parking space.
Tenancy - Let on an Assured Shorthold Tenancy to the same tenants since 1997. Tenants are keen to remain for the foreseeable future.
Rent - £550 p.m. - The rent has not been reviewed for many years. The tenants are aware of a pending sale and understand that a rent rise is likely.
Tenure - Freehold.
Services - All mains services connected.
EPC - Listed Building Grade II
Conservation Area- The property is set within the town's Conservation Area.
