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Property Details
Land to the rear, 14, Cornmarket, Thame, Oxon, OX9 2BW
£175,000.00
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Terms
The Freehold is available to purchase.
OFFERS INVITED
Area
9104 sq.ft.
Property Description
Freehold Investment
A rectangular parcel of land with an accommodation block of approx. 5360 sq.ft. housing 11 bedrooms for the adjoining Spread Eagle Hotel. The property is leased for a period of 125 years from 29th September 1990. The initial rent was £13200 p.a. and the review due in 2005 has not been implemented. The rental level is calculated as the current level or 20% of the open market rental value of the building erected on the land, whichever is the greater The property is located in the town centre behind 14 Cornmarket.
Rates
The property lies within the rating area of
District Council, according to which the rateable value is as follows:
Rates payable –
£0.00 (2010-2011)
Rates payable can be affected by transitional arrangements, and we would recommend that interested parties should make further enquires for clarification.
Property Features
Investment property
Current rent £13200 p.a.
Land with buildings
Town Centre
125 year lease
Good long term investment
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