26 Sheep Street OX26

3,129 sq ft (290.7 sq m)

Rare mixed-use investment with residential development potential at rear. Located within the market town of Bicester which is between Oxford, Banbury and Milton Keynes.

The property forms part of a self-contained terrace building which is located in the heart of Bicester's most historically significant street. The demise is arranged over ground, first and second floors and has been multi let to two retail tenant and two residential tenants.

* £57,400 pa current rent income
* Initial Yield of 6.75%
* Residential development potential at rear unit
* Reversionary yield of 7.55%

Location

The subject property is located within the market town of Bicester which is between Oxford, Banbury and Milton Keynes. The town itself is surrounded by a wealth of commercial schemes such as the Catalyst, Axis J9 and Link 9. The demise is surrounded by a strong residential hub in addition to an abundance of amenities which are located in the town centre.

Bicester's main access points are via the A34 or the M40 which both adjoin at the Wendlebury interchange which links to the A41 directly into Bicester. The A34 leads direct to Oxford and further afield to the M4, and the M40 north bound leads to Banbury and Birmingham and also south to London. Direct routes to Buckingham and Milton Keynes are accessed via Bicester from the A4421 which adjoins to the A421.

Bicester offers two train stations, being Bicester North and Bicester Village. Both stations collectively provide direct routes to Birmingham, London, Oxford and further afield.

The town offers bus routes further to Buckingham and Milton Keynes via the X5, and to Oxford via the S5 bus route. Locally, bus routes from the Pioneer Square bus stop station provide access to neighbouring residential hubs and commercial services on the periphery of Bicester.