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26-26A Sheep St 3,129 sq ft 100% Let Retail Property Bicester OX26 6LG £750,000 (£239.69/sq ft) 3.60% Net Initial Yield
INVESTMENT HIGHLIGHTS
- £57,400 pa current rent income
- Residential development potential at rear unit
- Initial Yield of 6.75%
- Reversionary yield of 7.55%
EXECUTIVE SUMMARY
Rare mixed-use investment with residential development potential at rear. Located within the market town of Bicester which is between Oxford, Banbury and Milton Keynes. The property forms part of a self-contained terrace building which is located in the heart of Bicester's most historically significant street. The demise is arranged over ground, first and second floors and has been multi let to two retail tenant and two residential tenants. * £57,400 pa current rent income * Initial Yield of 7.65% * Residential development potential at rear unit
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,129 sq ft
Costar Property Class
B
Year Built
1990
Price
£750,000
Price per sq ft
£239.69
Yield
3.60%
NOI
£27,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.26
Total Plot Size
0.06 ac
AMENITIES
- EPC - B
- EPC - E
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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26-26A Sheep St
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