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.
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.
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)
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.
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).
West Oxfordshire District Council.
The Rateable value in the 2017 Rating List is £35,500. Separate assessments will need to be undertaken in the event of a subdivision.
A service charge is payable for the maintenance and repair of the common parts within The Tower Centre.
The property has a rating of C.
Each party to pay their own legal costs.
Strictly by appointment through the agents.