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 purposesLess
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.