Ice Cool Services Unit B9 - Telford Road Launton Road Industrial Estate Bicester, Oxfordshire OX26 4LD INDUSTRIAL INVESTMENT INVESTMENT LOCATION CONSIDERATIONS We are instructed to seek offers in excess of Bicester is an attractive, thriving market town with a population of some 23,500. The town lies about 8 miles north-east of Oxford and 16 miles west of Aylesbury. Road communications are excellent. The town lies on the A41 which provides direct access to junction 9 of the £400,000 M40 motorway located 4 miles west of the town. The town benefits BICESTER MAP from good railway links, with the Chiltern Line connecting Bicester (Four Hundred Thousand Pounds) North with London Marylebone and to the Midlands. Over recent BICESTER MAP years Bicester has become well known for the designer outlet Subject to contract and exclusive of VAT retail centre situated just south of the town centre. A purchase at this level would reflect aNet Initial Yield of 7.73% assuming purchaser’s SITUATION costs of 4.18%. The unit itself is situated on the Launton Road Industrial Estate which has been developed over the past 40 years and is approximately 1 › Located on a popular industrial estate mile south-east of Bicester town centre. It is a popular estate with a Mway Map › Ample car parkingMicro at the front Map and at mixture of local and national occupiers including Brewers, Screwfix, the rear of the property Topps Tiles and Halfords Auto Centre. Within a 5 minute walk fromMway Map Micro Map the estate is the Launton Road Retail Park housing a number of › Very few vacancies on the estate national retailers including Lidl, Dreams & Pets at Home. 8 9 17 A Peterborough 4 4 3 M1 2 From Buckingham 8 9 17 A 1 3 Corby A505 A10 Peterborough 4 Birmingham 2 B 4 O Care Home 3 M1 2 From Buckingham 19 A14 ST 3 A10 1 O 2 Corby A505 B A14 14 Huntingdon N R Birmingham Care Home 4a D O 3a Coventry 19 A14 ST 14 Huntingdon ON A14 A14 RD A14 RD 4a 3a M5 Northampton ON Coventry 15 14 NT AU A14 A428 L A14 N RD Worcester 16a M5 Northampton TO A6 T 15 14 UN A44 11 E A Cambridge L A428 L 7 M40 F O A Worcester 16a 4 A6 T A44 A1 R 4 A44 11 E 10 D D 2 7 Cambridge L A429 A43 R R 1 M40 F A 11 A421 Manston Park D D O 4 D R A44 A1 R 4 8 R O Bicester A43 10 D D 2 13 10 F A429 R R 1 A46 D Business A421 Manston Park D T EL 11 D Banbury A23 M11 O E T D R 9 A421 Bicester L Park 8 R O Bicester 9 O F 13 10 F A46 D Business 10 M1 W Trade O T EL Cheltenham G RD 9 Banbury A421 A23 M11 O E T Park A44 D Park O Bicester L Lidl R 9 F 11 BICESTER Luton E 10 M1 W Trade O 8a D G RD A40 A120 CW Cheltenham A44 Park 11a A40 9 10 HU D Lidl A41 11 BICESTER Luton E R R 8a D C D B A40 A40 10 A120 CW A40 H R I 11a 9 HU A429 C A417 Chelmsford ILL ON A41 Aylesbury E R NT B D C M5 R U S C D R I LA H A40 H R T Oxford 8 D A429 C 21 D A417 Chelmsford ILL ON A A12 R E Aylesbury NT E 20 23 D C 27 Halfords S M2525 O R U R M5 R R F LA H D T B Oxford 8 L 21 D R A E A420 M40 Launton Road R A12 R A429 A419 TE D 20 23 27 Halfords 28 25 R I M25 O R 4 Retail Park D F Homebase 1 D L B G R A34 1 R A429 A419 A420 M40 Launton Road TE R Swindon 16 E 28 D N I Retail Park D 4 Homebase O L 1 D T G LONDON A 15 A34 1 R N J Swindon 16 E 17 15 30 U AR N N M4 9 1 L Reading A V E O T L I LONDON A S 15 L N J 13 2 A 17 15 30 U AR N M4 10 N M4 9 1 Reading A V E 11 12 1 E L I 3 S L Croydon From A41 13 10 2 A A346 A M4 N 3 E 4 11 1 A350 From Aylesbury 12 3 Newbury 3 4 Croydon From A41 A 9 5 Town Centre M40 J9 2 A346 1 3 A34 M25 A350 From 4 Aylesbury 7 B4100 Oxford A34 Newbury 3 4 9 5 Town Centre M40 J9 2 A34 M25 1 7 B4100 Oxford A34 DESCRIPTION The property comprises a mid-terraced unit of brick construction under a part flat and pitched roof. The premises are arranged as offices at ground floor front and first with a warehouse to the rear. The unit is served by a rear loading shutter door. The premises benefit from a front forecourt for up to 4 vehicles and at the rear is a large shared car park, of which a section is included within the freehold title as indicated on the site plan. ACCOMMODATION FLOOR SQ FT SQ M Ground 3,689 343 First – Offices 912 85 Total 4,601 428 TENURE Freehold. TENANCY The property is let to Ice Cool Services guaranteed by William Brian Gough and Bruce Ward Jennings originally for a term of 5 years from the 26th January 2015 to the 25th January 2020 at a rent of £28,000 per annum on full repairing and insuring covenants. The tenant was granted a 1 year extension expiring 25th January 2021 at a current rent of £32,200 per annum. www.icecoolservices.com EPC The property has an EPC rating of D96. A copy of the EPC is available on our website. www.savoystewart.co.uk ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. PROPOSAL We are instructed to seek offers in excess of £400,000 (Four Hundred Thousand Pounds) Subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.73% assuming purchaser’s costs of 4.18%. TERMS & CONDITIONS VIEWING & FURTHER INFORMATION Messrs Savoy Stewart, for themselves and for the vendors or lessors of this property for whom they act, give notice that: All interested parties are requested to make any appointments strictly I. These particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract. through Savoy Stewart. II. Savoy Stewart cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation, and other details contained herein, and prospective purchasers or tenants must not MICHAEL BRAIER NICHOLAS SHERLING rely on them as statement of fact or representations, and must satisfy themselves as to their accuracy. [email protected] [email protected] III. No employee of Messrs Savoy Stewart has any authority to make or give any representation or warranty or enter into 020 7478 9112 020 7478 9113 any contract whatever in relation to the property. www.savoystewart.co.uk IV. Rents, prices, premiums and service charge quoted in these particulars may be subject to VAT in addition and SAVOY STEWART V. Messrs Savoy Stewart will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. 020 7495 3666.