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25-26A Market Pl 1,891 SF 100% Leased Office Building Wantage OX12 8AE $997,566 ($527.53/SF)
Investment Highlights
- This attractive and prominent late Edwardian c.1911 3-storey building is situated in the end of the Market Square, near to the church.
- The barn and car park provide an excellent opportunity for redevelopment and have a lapsed planning consent (see USE).
- The building comprises two smart professional offices/retail space on the ground floor which were extensively refitted and refurbished in 2016
Executive Summary
The ground floor is partly occupied by the current owners, Douglas & Simmons, who would like to lease back 25 Market Square and the barn ( subject to terms). 26 Market Square is let at a rent of £12,500 p.a. exclusive.
Flat 25a is let fully furnished on an AST for £1,200 pcm. It has been refurbished to a very high standard. It has previously been let very successfully as an Airbnb.
Flat 26a is let on a rolling AST for £900 pcm and is unfurnished and less well specified.
Total current income from the flats is £25,200 p.a.
The freehold guide price is £750,000.
Flat 25a is let fully furnished on an AST for £1,200 pcm. It has been refurbished to a very high standard. It has previously been let very successfully as an Airbnb.
Flat 26a is let on a rolling AST for £900 pcm and is unfurnished and less well specified.
Total current income from the flats is £25,200 p.a.
The freehold guide price is £750,000.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,891 SF
Building Class
B
Year Built
1909
Price
$997,566
Price Per SF
$527.53
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
946 SF
Building FAR
0.36
Lot Size
0.12 AC
Amenities
- Storage Space
1 1
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25-26A Market Pl
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