St. Marys Street, Wallingford, Oxfordshire, OX10
£90.17 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,159 sq ft
386 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes
A3
Key features
- The Grade II listed property is arranged over ground and first floor to provide a ground floor restaurant with a self-contained flat above
- The property benefits from a rear terrace, providing additional covers for the restaurant
- Ground Floor Restaurant - 2,329 sq ft; First Floor Flat (Sold off) - 1,830 sq ft; Total - 4,159 sq ft
- Ground Floor is let to Pizza Express (Restaurants) Limited on a FR&I lease for a term of 25 years from March 2003
- First floor flat is sold-off and let for a term of 125 years from 2003 (103 years unexpired) with a rent of £200 p.a. and ground rent doubles every 25th anniversary
- Total rental income of £34,200 p.a.
- The property is located within the town centre on the west side of St Mary's Street, opposite St Mary-le-More Church
- Wallingford is a market town located on the River Thames some 12 miles south of Oxford and 14 miles north of Reading
Description
Property Description
The Grade II listed property is arranged over ground and first floor to provide a ground floor restaurant with a self-contained flat above
The property benefits from a rear terrace, providing additional covers for the restaurant
Ground Floor Restaurant - 2,329 sq ft; First Floor Flat (Sold off) - 1,830 sq ft; Total - 4,159 sq ft
Tenancy Schedule
Ground Floor is let to Pizza Express (Restaurants) Limited on a FR&I lease for a term of 25 years from March 2003
Reversion in 2028
First floor flat is sold-off and let for a term of 125 years from 2003 (103 years unexpired) with a rent of £200 p.a. and ground rent doubles every 25th anniversary
Total rental income of £34,200 p.a.
Location
The property is located within the town centre on the west side of St Mary's Street, opposite St Mary-le-More Church
Wallingford is a market town located on the River Thames some 12 miles south of Oxford and 14 miles north of Reading
The M40 Motorway is to the north, the M4 Motorway to the south and the A34 to the west
Local occupiers include: Boots, Nationwide Building Society and Greggs amongst many others
Additional Details
VAT is applicable
PizzaExpress is a British multinational pizza restaurant chain founded in 1965 by Peter Boizot
The company has grown to have over 360 pizzerias in the UK and Ireland, and has also expanded internationally (source: Pizza Express)
D&B Rating - O3
St. Marys Street, Wallingford, Oxfordshire, OX10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cholsey Station2.5 miles
- Culham Station6.1 miles
Notes
Disclaimer - Property reference 20192. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prideview Group, Middlesex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prideview Group, Middlesex on 020 3840 3546.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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