Units 1, 3 & 4 Trinity House West, Graven Hill, Bicester, OX25 2DR
1,279 to 5,774 Sq Ft / Offices
For Sale
- £742,000.00
Available - Last updated: 29 November 2024
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.
Key Points
Set within the trailblazing Graven Hill Development in Bicester5 minutes from J9 of the M40 MotorwayAll three units are all fully letLong Leasehold interests available of 150 years from 01/01/2020Low initial rents and reversionarySubstantial tenants fit outs to each the unitsLocation
Graven Hill www.gravenhill.co.uk is the UK’s largest self and custom build residential development with planning permissions secured to enable delivery of up to 745 homes under Stage 1 of the development.
Graven Hill is now in the process of designing Stage 2, with the intention of bringing forward a new planning application that secures approximately 1355 additional homes, bringing overall housing numbers at Graven Hill in-line with the objectives of the Local Plan, for provision of around 2100 homes.
Set across a beautiful 188-hectare site near Bicester in Oxfordshire, Graven Hill Village is set to also provide significant amenities, including a primary school (opened in September 2023), recreational areas, sports pavilion, a pub/restaurant facility, a community centre, allotments, a number of offices and retail units, with separate employment space.
Your Co-Op Little Pioneers Nursery which operates 45 nurseries across the UK, have also acquired a site opposite the scheme.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£742,000.00
| NA |
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