Ice Cool Services

Bicester, Oxfordshire, OX26 4LD

For Sale

Property Type Investment
Availability For Sale
Size 4601 sqft
Energy Performance Rating This property has been graded as D 96

Industrial Investment


LOCATION

Bicester is an attractive, thriving market town with a population of some 23,500. The town lies about 8 miles north-east of Oxford and 16 miles west of Aylesbury. Road communications are excellent. The town lies on the A41 which provides direct access to junction 9 of the M40 motorway located 4 miles west of the town. The town benefits from good railway links, with the Chiltern Line connecting Bicester North with London Marylebone and to the Midlands. Over recent years Bicester has become well known for the designer outlet retail centre situated just south of the town centre. The unit itself is situated on the Launton Road Industrial Estate which has been developed over the past 40 years and is approximately 1 mile south-east of Bicester town centre. It is a popular estate with a mixture of local and national occupiers including Brewers, Screwfix, Topps Tiles and Halfords Auto Centre. Within a 5 minute walk from the estate is the Launton Road Retail Park housing a number of national retailers including Lidl, Dreams & Pets at Home.

KEY POINTS

  • Located on a popular industrial estate
  • Ample car parking at the front and at the rear of the property
  • Very few vacancies on the estate
  • Rental income is £32,200 per annum
  • A purchase at this level would reflect a Net Initial Yield of 7.73% assuming purchaser’s costs of 4.18%
  • Offers in excess of £400,000

Description

The property comprises a mid-terraced unit of brick construction under a part flat and pitched roof. The premises are arranged as offices at ground floor front and first with a warehouse to the rear. The unit is served by a rear loading shutter door. The premises benefit from a front forecourt for up to 4 vehicles and at the rear is a large shared car park, of which a section is included within the freehold title as indicated on the site plan.

Ground 3,689 sq ft 343 sq m
First - Offices 912 sq ft 85 sq m
Total 4,601 sq ft 428 sq m

Tenure

Freehold.

Tenancy

The property is let to Ice Cool Services guaranteed by William Brian Gough and Bruce Ward Jennings originally for a term of 5 years from the 26th January 2015 to the 25th January 2020 at a rent of £28,000 per annum on full repairing and insuring covenants. The tenant was granted a 1 year extension expiring 25th January 2021 at a current rent of £32,200 per annum.

www.icecoolservices.com

EPC

The property has an EPC rating of D96. A copy of the EPC is available on our website.

Anti-Money Laundering Regulations

In accordance with Anti-Money Laundering Regulations, two forms of identification and  confirmation of the source of funding will be required from the successful purchaser.

Proposal

We are instructed to seek offers in excess of £400,000 (Four Hundred Thousand Pounds) subject to contract for the freehold interest.

A purchase at this level would reflect a Net Initial Yield of 7.73% assuming purchaser’s costs of 4.18%.

< Back to properties VIEW SHORTLIST Download Marketing Brochure Download Launton Road Unit B 2019 lease.pdf Download Launton Road Unit B9 -Land Reg Plan ON317498.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Michael Braier

020 7478 9112

CONTACT AGENT


Nick Sherling

020 7478 9113

CONTACT AGENT


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