Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

November 2018

15 Market Square, Witney, OX28 6AB

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The property is located in the prime retail pitch in Witney adjacent to the Woolgate Shopping Centre.  The property comprises an attractive Grade II listed building with ground floor sales and storage and two upper floors of ancillary accommodation extending to a total of 3,226 sq.ft.  The property is let to Midland Leisure International Ltd until April 2028.  Current rent passing £69,005 per annum with a fixed increase to £76,187 per annum or open market value, whichever is higher, in 2023.  Offers sought in excess of £932,500 which reflects a net initial yield of 7.0% with a minimum reversion to 7.73% in 2023.