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St. Marys Street, Oxfordshire OX10 Terraced house for sale
St. Marys Street, Wallingford, Oxfordshire, OX10
£700,000
St. Marys Street, Wallingford, Oxfordshire, OX10
£700,000
Our Summary
- A rare opportunity to purchase a freehold town centre commercial building, with planning permission to create 4 x 1-bedroom apartments, located in one of the main shopping streets in Wallingford
- **************- 53A St Mary's Street = 5-year lease expiring Jan 2027, passing rent £18,500 + VAT- 53B St Mary's Street = 5-year lease from 1st April 2025, passing rent £17,000 + VAT, landlord development break at any point from 1st April 2027- Basement = holding over on a lease expired March 2024, passing rent £1,000 + VAT- Total passing rent = £36,500 + VAT- Planning permission granted 29th November 2024 for change of use of first and second floor from commercial use (Class E) to four x 1 bed residential apartments (Class C3)
- Let commercial character-building set in one of the main streets in Wallingford offering a great development & investment opportunity
- Let commercial character-building set in one of the main streets in Wallingford offering a great development & investment opportunity
- Planning permission granted 29th November 2024 for change of use of first and second floor from commercial use (Class E) to four x 1 bed residential apartments (Class C3)
Description
This rare opportunity presents a freehold town centre commercial building in Wallingford, with planning permission to convert the first and second floors into four 1-bedroom apartments. The property currently generates a total passing rent of £36,500 + VAT from three separate leases, with one lease expiring in 2027 and the others in 2025 and 2024. The building is located in the main shopping street of Wallingford, a thriving Saxon town with a range of amenities, including shops, restaurants, and leisure facilities. The town also benefits from its proximity to Oxford and Reading, with mainline train services to London and easy access to the national motorway network. The property is not listed and is situated within the Wallingford conservation area, offering a unique chance to own a piece of history in this charming town.