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66-68 Sheep St 6,420 SF 100% Leased Retail Building Bicester OX26 6JW $1,767,097 ($275.25/SF) 7% Cap Rate

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Investment Highlights

Located between Oxford, Banbury and Milton Keynes. The town
Proximity to two train stations

Accessible via the A34 or the M40

Executive Summary

The property comprises two detached retail units which have been linked together and extended at the rear to provide additional storage facilities and covered loading with the benefit of three self contained flats at first floor. The ground floor accommodation has the benefit of a prominent retail frontage at the entrance to the pedestrianised area of Sheep Street which is opposite the pedestrian entrances from Sheep Street to B&M Stores and Sainsbury’s. The rear sales area includes a staff room with kitchenette, storage and further rear storage with covered ramped loading area and loading access to the rear of the site. Also to the rear there is a pedestrian access to first floor storage, within a steel framed warehouse.
Self contained flats at first and second floors and a back yard with vehicle access and parking. Flats accessed via a front door on Sheep Street as well as communal access from the rear. The residential accommodation comprises converted upper parts within the main buildings, accessed via a communal flat roof over the rear retail area.

Marketing Brochure/Flyer

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold/Long Leasehold

Property Subtype

Storefront Retail/Residential

Building Size

6,420 SF

Building Class

Year Built

1919

Price

$1,767,097

Price Per SF

$275.25

Cap Rate

NOI

$123,697

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

1.05

Lot Size

0.14 AC

Major Tenants

Bicester Toys & Nursery
Retailer
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Brethertons LLP
Professional, Scientific, and Technical Services
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-
-

Accommodation and Food Services
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-
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Nando’s began in 1987 in South Africa after two friends discovered a Portuguese-style chicken dish they wanted to share more widely, and the brand has since grown into a multinational restaurant business. The company focuses on flame-grilled PERi-PERi chicken and related dining experiences, with a presence that includes restaurants, takeaway and online ordering, and customer services through its digital platforms. Nando’s describes its food, design and brand identity as rooted in Southern African and Afro-Portuguese influences, while its UK and Ireland business continues to operate a sizeable restaurant network.

Retailer
988 SF
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For over a century, Thorntons has specialized in crafting high quality chocolate sweets, toffee, fudge and other confectionery. Whilst a lot has changed since their humble beginnings in Sheffield back in 1911, their passion for craftsmanship and using only the highest quality ingredients have remained at the heart of their company values. Shop online for personalized gifts, chocolate hampers and a huge range of milk, white and dark chocolate for delivery by post. Surprise a friend by sending a gift direct to their door or treat yourself with a delicious luxury chocolate delivered.

Tenant	Industry	SF Occupied	Rent/SF	Lease End
Bicester Toys & Nursery	Retailer	-	-	-
Brethertons LLP	Professional, Scientific, and Technical Services	-	-	-
	Accommodation and Food Services	-	-	-
	Retailer	988 SF	-	-