Auction
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Deans Court Shopping Centre, Deans Court, Bicester, OX26 6RD

  • Auction
  • Lot 65
  • United Kingdom
  • Commercial Building
  • Commercial

Invited Opening Bid £1,250,000

Property Summary

  • Attractive Oxfordshire town
  • Asset management opportunities
  • Tenants include Age UK
  • Adjacent to Wilko and public car park
  • Current rent £140,655 per annum
  • Six week completion available
  • On the Instructions of a UK Fund

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Cara Keen
Vendor's Solicitor

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Cara Keen
Vendor's Solicitor

Downloads

Description

The property provides a pedestrianised town centre shopping precinct with dual access from London Road to the front and Claremont Car Park to the rear. It is arranged as a number of single storey, two storey and three storey buildings of traditional construction providing a mix of retail, restaurant and professional services units. The precinct benefits from a strong footfall being one of the main pedestrian thoroughfares linking the main town centre car park and the town centre. The property benefits from its own private car park.

Location

Bicester lies about 15 miles north east of Oxford and 17 miles south east of Banbury and has a population of about 33,000. It can be accessed via the A41, which provides direct access to the M40 motorway at junction 9 about 2 miles to the south west at its junction with the A34 trunk road. The town has seen significant development over recent years and is home to one of the UK’s most popular tourist attractions in Bicester Village, which now has its own railway station providing direct links to Oxford & London Marylebone. The town is served by a further railway station at Bicester North, which provides direct links to London Marylebone and Birmingham Snow Hill.

The property lies in the town centre adjacent to Claremont Car Park (170 spaces) which is accessed from Victoria Road. Pedestrian access to the town centre is via a passageway to London Road, just to the south of its junction with Sheep Street. Nearby occupiers include Wilko, Barclays Bank, HSBC and M&Co.

Tenancy

Please refer to legal documents

Planning

Cherwell District Council (0129 5227006) www.cherwell.gov.uk

Tenure

Freehold

Property Table

Accommodation & Tenancies

Unit

Accommodation

Tenant

Tenancy

Commencement Date

Rent (PA)

5

Retail 71.53 sq m (770 sq ft)

Sarah Louise Hawthorne

Lease expires 14/06/2021

15/06/2012 (1)

£12,500

6

Retail 45.71 sq m (492 sq ft)

IMS – Independent Mortgage Solutions

Lease expires 25/10/2023

26/10/2009 (2)

£8,500

7A

Retail 104.98 sq m (1,130 sq ft)

Butterfly Bridal Boutique Ltd

Lease expires 20/03/2020

21/03/2014

£10,000

8

Retail 33.82 sq m (364 sq ft)

IMS Lettings Solutions Ltd

Lease expires 20/03/2023

21/03/2018

£12,800

9

Retail 53.41 sq m (575 sq ft)

Michelle Niziol Ltd

Lease expires 27/08/2023

28/08/2018

£10,250

10

Retail 29.54 sq m (318 sq ft)

Sarah Elizabeth Haydon

Lease expires 03/05/2022

23/11/2012

£6,750 (3)

11

Retail 39.01 sq m (420 sq ft)

Vaping Not Smoking Ltd

Lease expires 30/08/2021

31/08/2012

£10,850

12 & 15 (First Floor)

Retail 164.15 sq m (1,767 sq ft)

Trysports Ltd

Lease expires 06/07/2021

01/02/2009

£17,505

12 & 13

Retail 117.98 sq m (1,270 sq ft)

Equation Recruitment Ltd

Lease expires 31/07/2022

01/08/2017

£22,250

14

Retail 59.08 sq m (636 sq ft)

Age UK

Lease expires 17/06/2024 (2)

18/06/2009

£10,500

15

Retail 48.21 sq m (519 sq ft)

Age UK

Lease expires 17/06/2024 (3)

18/06/2009

£8,750

16 & 17

Takeaway 57.78 sq m (622 sq ft)

Kasim Hamid t/a Pizza House

Lease expires 31/07/2026 (4)

01/08/2011

£10,000

TOTAL

 

 

 

 

£140,655

(1) The lease was renewed on 15/06/2018
(2) The lease was renewed on 24/09/2018. There is a rent review on 04/05/2019
(3) There is a rent review on 04/05/2019
(4) There is a rent review on 18/06/2019 & a tenant’s break clause on 18/06/2021
(5) There is a rent review on 18/06/2019 & a tenant’s break clause on 18/06/2021
(6) There is a tenant’s break clause on 31/07/2021

VAT

Please refer to Legal Documents

EPC Details

Refer to the legal documentation

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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