Summary6 self-contained open plan newly built ground floor retail units forming part of newly constructed neighbourhood centre.
DescriptionThe units have frontages onto the communal parking area. They are open plan and finished to shell ready for tenants' fit out. They are constructed of Cotswold Stone under a pitched slate roof with uPVC doors and windows. There are a total of 24 communal car parking spaces and other occupiers in the scheme include a Co-operative Store, Domino’s Pizza, Chinese Takeaway and a ladies' hairdressers.
AccommodationThe units have the following Net Internal Areas and a combination of units may be available:
Sq M Sq Ft
Unit 1: 56.04 603
Unit 2: 60.56 652
Units 3 & 4: 225.62 2,428
Unit 5: 71.53 770
Unit 6: 69.67 750
Units 1, 2, 5 & 6 have consent for A1 use (general retail) and consideration may be available for A2 use (financial and professional services). Units 3 & 4 have A3 consent (wine bar/bistro).
LocationWitney is the principal town in the District of West Oxfordshire. Madley Park is the largest of the recent residential development projects in the town, with the 1,100 unit residential scheme created by Charles Church, Persimmon and Taylor Wimpey.
It is located to the north-east of the town centre, with access via the A4095 (Woodstock/Bicester) and a new link road to the A40. Witney has seen significant improvement to its facilities, including the new Marriotts Close development which includes a multiplex cinema and a range of national retailers including Debenhams. These retail units form part of the neighbourhood centre in Madley Park and is also adjacent to the new Madley Park & Springfield School.
Terms / leaseThe units are available by way of new leases on full repairing and insuring terms for a term of years to be agreed, subject to three yearly rent reviews. There is a service charge payable and further details are available upon request. The quoting rents for the properties are as follows:
Unit 1: £13,000
Unit 2: £14,000
Units 3 & 4: £45,000
Unit 5: £17,500
Unit 6: £16,000
The above quoting rents are exclusive of service charge and V.A.T.
RatesThe local charging authority is West Oxfordshire District Council.
Legal costsEach party are to bear their own legal costs incurred in this transaction.
VATAll terms quoted are exclusive of VAT.
Energy Performance CertificateThe properties have an EPC rating of between B (36) and B (40).
ServicesWe have not tested any of the services and can give no warranty as to their condition.