Overview

Leasehold Interest

The bank is arranged over basement, ground and part of first floor. Ground floor consists of the banking hall with office space, whilst the first floor holds staff rooms. Tenure The property is held on an existing FRI lease due to expire 28/03/2022 at a passing rent of £83,000 per annum exclusive. There is sublet income, exact details to be confirmed. Consideration Offers accepted on the basis of a sublease at a rental in the region of £50,000 per annum. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £42,000.00 and the rates payable are £20,622.00 pa. The UBR for 2019/2020 is 49.10p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Headington is an eastern suburb of Oxford, located approximately 50 miles north west of London. The subject property is located in a prime corner retail pitch on London Road, Headington.

Sizes and Measurements

Total Size

7,064sqft

Sales Area

1,832sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,832sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

1,870sqft

Status

Available

Available from

Immediately

Second Floor

Details

Non-Sales

Size

2,187sqft

Status

Available

Available from

Immediately

Basement

Details

Non-Sales

Size

1,175sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Assignment

For rent

£83,000/pa

UBR

49.1p

Rateable Value

£42,000.00

Business Rates

£20,622/pa

Floorplan

OXFORD

Photos

OXFORD

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