Summary - Flat B, 9, St. Marys Street OX10 0EL
1 bed 1 bath Retail Property (high street)
High-street freehold with income and planning for two one-bed flats — short lease, conversion upside..
- Freehold high-street Georgian building, approx. 2,068 sq ft total
- Passing rent £18,500 pa + VAT; ground-floor shop currently let
- Planning permission for two 1-bed flats (42–44m²) granted Nov 2024
- Lease to current tenant expires Jan 2027; outside LTA 1954
- EPC rating D; conversion and energy upgrades likely required
- Located in Wallingford conservation area; property not listed
- No flood risk; local crime rate above average
- Chain-free sale with immediate development potential
A rare freehold high-street commercial building in the heart of Wallingford offering immediate income and short-term redevelopment upside. The ground floor is let to an independent ladieswear shop, producing a passing rent of £18,500 pa + VAT, while planning permission (granted 29 Nov 2024) allows change of use of the first and second floors to two one-bedroom apartments (42–44m²). The property sits within the Wallingford conservation area and presents a straightforward conversion opportunity for an investor or small developer.
The building is Georgian with high ceilings, arched windows and significant street presence on one of the town’s main shopping streets. It extends to around 2,068 sq ft overall, with multi-storey layout and a small plot. The EPC is D and heating is mains gas with boiler and radiators; the property is not listed. There is no flood risk, but the local crime rate is above average — an important consideration for occupancy and insurance costs.
Key positives are the town-centre location, existing retail income and planning permission that materially increases residential value potential. Material drawbacks to note: the commercial lease is short (expires Jan 2027) and is outside the Landlord and Tenant Act 1954, which affects tenant security; the scheme will require conversion works and associated costs; EPC D may need improvement for lettings or sales. Sold chain-free, this is positioned for an investor seeking near-term rental yield plus development upside in a popular Thames-side market town.
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