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The Old Post Office 10-11 St Martin's St 5,892 SF Retail Building Wallingford OX10 0AD $2,075,310 ($352.23/SF) 5.25% Cap Rate
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
Building Size
5,892 SF
Building Class
B
Year Built
1910
Price
$2,075,310
Price Per SF
$352.23
Cap Rate
5.25%
NOI
$108,954
Tenancy
Single
Building Height
3 Stories
Building FAR
1.12
Lot Size
0.12 AC
Frontage
43’ on Market Place
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 6
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The Old Post Office | 10-11 St Martin's St
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