£700,000 /Sale price

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).- Proposed apartments range in size from 42m2 to 44m2- Property is not listed- Set within the Wallingford conservation area **************The EPC rating for this property is DLocationWallingford is a thriving Thameside Saxon town with extensive facilities and a number of shops including a Waitrose supermarket, a good selection of antique shops, boutiques and specialist stores with a traditional market being held every Friday in the town square. For a small town there is a wide range of places to eat from Italian, Chinese and Indian restaurants, to traditional public houses. The town also benefits from its own excellent cinema/theatre and a sports park and leisure centre which offer the chance to join a number of well-established clubs such as cricket, rugby, football and hockey. Huntercombe Golf Club is nearby and there are delightful riverside walks and a well-established rowing club.More extensive shopping facilities can be found at Oxford and Reading. Access to London and the national motorway network is via junction 6 or 7 of the M40 or junction 12 or 13 of the M4. There is a mainline train service from Didcot Parkway to London Paddington or from either Reading or Cholsey Station. There are schools of excellent repute in the area including Cranford House, Moulsford Preparatory and The Oratory plus a wide choice of Oxford and Abingdon schools including Abingdon School, St Helen and St Katharine, The Manor Preparatory (all served by school buses that stop in Wallingford), The Dragon, Headington, Radley and the European School in nearby Culham.