A private client of Kitchen La Frenais Morgan has sold 17 and 17a High Street, Banbury to a private investor for £550,000.
The two properties are let to Greggs and restaurant Reza Karimi with a combined rent of £44,000 pa.
17 High Street is let to Greggs Plc on a new 10 year lease from January 2013, with a tenant only 5 year break, at a rental of `£21,500 pa . 17a High Street, is let to Reza Karimi on a new 15 year lease from March 2014, with a tenant only 3 year break and at a commencing annual rent of £22,500 with fixed uplifts.
KLM advised the vendor while London & Lothian Group advised the purchaser.
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