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The Old Post Office 10-11 St Martin's St 5,892 sq ft Retail Property Wallingford OX10 0AD £1,525,000 (£258.83/sq ft) 5.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- TThe property has an attractive facade, being a former Post Office building dating from the early 20th Century
- To the front of the building the pavement area provides external seating, to the north side of the building is a small external seating terrace.
- The original two storey building over basement is of solid brick construction under a pitched plain tiled roof.
EXECUTIVE SUMMARY
The entire property is let to OAKMAN INNS & RESTAURANT LIMITED on a full repairing and insuring lease for a term of 35 years from 18th January 2005 at a rent of £85,000 per annum exclusive, being subject to five yearly upward only rent reviews.
The rent review as at the 18th January 2025 is outstanding
The freehold investment is available at a price of £1,525,000 subject to contract and exclusive of VAT, which equates to a net initial yield of approximately 5.25% after assuming normal purchasers costs.
The rent review as at the 18th January 2025 is outstanding
The freehold investment is available at a price of £1,525,000 subject to contract and exclusive of VAT, which equates to a net initial yield of approximately 5.25% after assuming normal purchasers costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
5,892 sq ft
Costar Property Class
B
Year Built
1910
Price
£1,525,000
Price per sq ft
£258.83
Yield
5.25%
NOI
£80,063
Tenancy
Single
Number of Floors
3
Plot ratio
1.12
Total Plot Size
0.12 ac
Frontage
43 ft on Market Place
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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The Old Post Office | 10-11 St Martin's St
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