Bicester, OX26 6LG
| Property Type | Residential Conversion / Investment / Retail |
| Tenure | For Sale |
| Size | 4,774 sq ft |
| Price | Offers in the region of £450,000 |
| Business Rates | £8.40 per sq ft |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as D (81) |
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 “on or about“ the 20th March 1579 made between Queen Elizabeth 1 and the Earl of Derby at a peppercorn rent.
The Land Registry entry states that “Neither the original instrument creating the term, nor a certified copy, or examined abstract thereof, was produced on first registration”. 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).
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Unit - 36 | 3,962 | 368.08 | Available |
| Unit - 38 | 812 | 75.44 | Available |
| Total | 4,774 | 443.52 |
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.
