St. Marys Street, Wallingford, Oxfordshire, OX10

Investment opportunity to purchase a freehold mixed-use property of commercial and residential. Currently let to two businesses, there is planning permission granted to create 4 x 1-bedroom apartments on the first and second floors.

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.
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- 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).

- Proposed apartments range in size from 42m2 to 44m2

- Property is not listed

- Set within the Wallingford conservation area
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The EPC rating for this property is D