An opportunity to buy a new Long Leasehold interest (999 years) of two office suites in this purpose built office building in central Thame.
Office A – 2,065 sqft (1st & 2nd Floors)
Office B – 4,001 sqft (Ground, 1st & 2nd Floors)
Both fully let producing £102,800 pa
Ample onsite parking
Conveniently located in the center of the town just off the High Street.
Potential for future residential conversion STPP.
Elected for VAT
Office A is predominantly located over the 1st floor with some space at 2nd floor level. It is currently let to Fizz Accounting Ltd.
Office B is situated over ground, 1st and 2nd floors and is let to Affinity Trust on a new lease.
The offices benefit from ample parking which is on a shared basis with Thame Snooker Club who use them in the evenings.
Tenancies:
Fizz Accounting Ltd are a local accountancy firm and occupy Office A having renewed their lease for a term of 10 years from 13th September 2024. There is a break in September 2027, the rent is £30,000 pa.
Affinity Trust occupy having relocated from another part of the building, have signed a new 15 year lease with breaks at year 5 and 10. The initial rent is £72,800 pa. The rent is to be reviewed at year 5 and 10 linked to CPI.
Location:
The offices are located in St Andrews Court which is a purpose built office building in central Thame, Oxfordshire. Part of the site has recently been converted to residential apartments with offices A & B being the only remaining commercial.
Thame is a historic Oxfordshire market town of about 13,300 residents, with a charming boat-shaped High Street featuring medieval, Georgian and Victorian architecture popular with commuters.
Thame is served by Haddenham & Thame Parkway station (Chiltern Railways), frequent buses, the Phoenix Trail cycleway, and easy road access via the A418 to Oxford/Aylesbury plus the M40 at J6–J8A to London and Birmingham.