OX26 36-38 Sheep Street, Bicester

Two Retail Buildings x9For Salex9 - One Unit Let One Unit Vacant

The premises comprises 38 Sheep Street a self-contained ground floor property which is currently let to H Osselli Esq and trading as a barber shop and 36 Sheep Street, a self-contained three storey Class E retailing unit providing a large and open plan sales area with upper floor storage with loading access and one parking space.

A planning application and listed building consent for the residential conversion of the upper floors to two dwellings was previously permitted. The consents have lapsed but the attached links include plans and relevant documentation on the buildings required for the planning permission.

38 Sheep Street is entirely let to H Osseilli Esq on a term of ten years from 29 September 2017 until 28 September 2027 with the current rent of £20,000 per annum. Full lease details are available from White Commercial. 36 Sheep Street will be vacant.

The property is stated to be held for a term of 500 years created by a Lease dated x9on or aboutx9 the 20th March 1579 made between Queen Elizabeth 1 and the Earl of Derby at a peppercorn rent.

The Land Registry entry states that x9Neither the original instrument creating the term, nor a certified copy, or examined abstract thereof, was produced on first registrationx9. As a result, we have not been able to identify any unusual or onerous covenants running with the land. We are informed that the current Long leaseholders have put in place a Defective Title Indemnity Policy having a Maximum Liability of £1,090,000. (Full details are available from White Commercial).

Centrally located within Bicester Town Centre

No 38 Let to H Osselli Esq - rent £20,000 pax

No 36 currently vacant with a potential income of £30,000 pax

Development potential of upper floors subject to the usual consents

Planning and Listed Building consent previously obtained for 2x two-bedroom apartments

Long Leasehold Available/ Indemnity Insurance Available

The premises comprises 38 Sheep Street a self-contained ground floor property which is currently let to H Osselli Esq and trading as a barber shop and 36 Sheep Street, a self-contained three storey Class E retailing unit providing a large and open plan sales area with upper floor storage with loading access and one parking space.