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15 The Tower Centre, Alvescot Road, Carterton

Sale or Leasehold £350,000
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LOCATION
Carterton, the home of RAF Transport Command’s Brize Norton Airbase, is expanding rapidly in both the residential and commercial sectors. It has a large catchment area within easy reach, with Oxford (15 miles), Witney (4 miles), Faringdon (10 miles), Swindon (22 miles) and Cheltenham (26 miles). The town has many amenities, three major supermarkets, high street banks, and an interesting array of shops.

DESCRIPTION
The property, a detached building, is located in a prime retail position on Alvescot Road, a recognised retail area with its own customer car park in the heart of the town. The premises has extensive double glazed elevations, suspended ceilings, full central heating and air conditioning units.

ACCOMMODATION
Currently the building is configured as a retail banking facility, but it is equally suitable for retail use.
The net internal measurements are:

Retail Area – 160.71sq.m (1730sq.ft)
Kitchen – 9.77sq.m. (105sq.ft)

Total – 170.48sq.m. (1835sq.ft)

TENURE
The property is being offered on a new full repairing and insuring lease for a term to be agreed at an asking rent of £32,500 p.a. excl. Subject to negotiation, it may be possible to divide the property into two self contained units.

Alternatively, the freehold is available for sale. Asking price is £350,000.

PLANNING
Currently with A2 Use, 15 The Tower Centre could be changed to A1 retail or, subject to planning, A3 Restaurant, D1 (Clinics or Surgeries) or D2 (Assembly & Leisure).

LOCAL AUTHORITY
West Oxfordshire District Council.

BUSINESS RATES
The Rateable value in the 2017 Rating List is £35,500. Separate assessments will need to be undertaken in the event of a subdivision.

SERVICE CHARGE
A service charge is payable for the maintenance and repair of the common parts within The Tower Centre.

EPC
The property has a rating of C.

LEGAL COSTS
Each party to pay their own legal costs.

VIEWING
Strictly by appointment through the agents.

No floorplans available.
No brochure available.
No EPC available.

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