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Lot 6 - 3 Park Road, Didcot, Oxfordshire, OX11 8QL

Guide Price* £140,000 +

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Property Type
Restaurant
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold ground floor takeaway (let) with a self-contained maisonette above (sold)
  • Close to amenities and transport facilities.
  • Investment producing £16,500 p.a.

Freehold ground floor takeaway with a self-contained maisonette above (Takeaway let, maisonette sold) – Investment producing £16,500 p.a.

Description

The property comprises a two-storey semi-detached building arranged as a ground floor takeaway with a self-contained maisonette above.

Location

Didcot is a relatively small town approximately 15 miles south of Oxford and 15 miles west of Reading. The property is situated fronting Park Road, close to the junction with Broadway, within a mainly residential catchment area. Public transport facilities include Didcot Parkway railway station which gives direct access to Cheltenham and London Paddington. There are also good vehicular connections to the A34 which in turn provides access to the M4 & M40 motorways.

Accommodation

(Approximate dimensions)

Ground & first floor self-contained maisonette: Sold on a lease for a term of 999 years from 29/2/2016

Ground floor:
Front Sales Area,
Kitchen / preparation area, storage, wc

Approximate internal area 31.99 sq.m (344 sq.ft)

Outside: Front forecourt area with parking for two cars.

Tenancy

We are advised that the ground floor is let to Ononna Didcot Limited & Mr S. Uddin t/a Indian Dream Takeaway on a lease from 16/6/2023 expiring in 28/2/2031 (approximately 6 years unexpired) at a rent of £16,500 per annum. Rent reviews every 4 years.

Total current rent payable £16,500 per annum

Planning

Local Authority: South Oxfordshire District Council - Tel: 01235 422 422 – www.southoxon.gov.uk

EPC Rating

E

VAT

Please refer to the legal pack in this regard

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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