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Trinity Retail Graven Hill Rd 1,279 SF Retail Building Bicester OX26 6JP $992,277 ($775.82/SF)
INVESTMENT HIGHLIGHTS
- Set within the trailblazing Graven Hill Development in Bicester
- All three units are all fully let
- Low initial rents and reversionary
- 5 minutes from J9 of the M40 Motorway
- Long Leasehold interests available of 150 years from 01/01/2020
- Substantial tenants fit outs to each the units
EXECUTIVE SUMMARY
Class E Investments For Sale – Three Fully Occupied Ground Floor Retail Units
The units are located on the ground floor of an apartment block, situated at the front of the landscaped Graven Hill development, close to the newly completed primary school and opposite a site allocated for a new convenience store.
Unit 1 is currently leased to Graven Hill Development Company www.gravenhill.co.uk/ghvdc at an annual rent of £15,500 per annum on a lease commencing 01/03/2024 ending 29/02/2029 with a break on 28/02/2026.
Unit 3 is occupied by Esquires Coffee www.esquirescoffee.co.uk, established in 1993 and have grown to over 100 worldwide coffee stores. The current annual rent is £30,000 per annum, commencing 07/11/2023 and ending on 06/11/2033, with a break clause on 06/11/2029.
Unit 4 is occupied by Wine Rack and Wine Valley www.winerack.co.uk who provide wines and spirits, together with a selection of day-to-day groceries (until the arrival of the new convenience store planned for the site) and also has a Cocktail Lounge on site. The current annual rent is £22,000 on a lease commencing 05/06/2023, ending on 04/06/2043, with a break clause on 05/06/2028. A rent deposit of £11,000 is held for this lease.
The units are located on the ground floor of an apartment block, situated at the front of the landscaped Graven Hill development, close to the newly completed primary school and opposite a site allocated for a new convenience store.
Unit 1 is currently leased to Graven Hill Development Company www.gravenhill.co.uk/ghvdc at an annual rent of £15,500 per annum on a lease commencing 01/03/2024 ending 29/02/2029 with a break on 28/02/2026.
Unit 3 is occupied by Esquires Coffee www.esquirescoffee.co.uk, established in 1993 and have grown to over 100 worldwide coffee stores. The current annual rent is £30,000 per annum, commencing 07/11/2023 and ending on 06/11/2033, with a break clause on 06/11/2029.
Unit 4 is occupied by Wine Rack and Wine Valley www.winerack.co.uk who provide wines and spirits, together with a selection of day-to-day groceries (until the arrival of the new convenience store planned for the site) and also has a Cocktail Lounge on site. The current annual rent is £22,000 on a lease commencing 05/06/2023, ending on 04/06/2043, with a break clause on 05/06/2028. A rent deposit of £11,000 is held for this lease.
PROPERTY FACTS Sale Pending
Sale Type
Owner User
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,279 SF
Year Built
2023
Price
$992,277
Price Per SF
$775.82
Building Height
1 Story
Lot Size
359.55 AC
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Trinity Retail | Graven Hill Rd
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