MIXED USE INVESTMENT OPPORTUNITY Vacant ground floor retail premises with occupied 4 bed student accommodation above and separate development plot to rear.
* Rare freehold opportunity on the Cowley Road * Ability to add value through further development * ERV of £58,600 pa excluding the rear * Separate access to all three elements
Planning permission has been granted in part for the rear plot of the premises for a 1 bedroom apartment.
Planning Ref: 15/03268/CND
There is an opportunity, subject to planning, to increase the number of units on the plot.
The property is located in a prime position on the Cowley Road, approximately 1 mile from Oxford City Centre.
The local area contains a wide range of shops and facilities with nearby occupiers including Tesco, Boots and The O2 Acadamy. The Cowley Road is a very popular area of Oxford with strong student demand.
Terms & Conditions
The premises are available for sale freehold.
TENANCY The student accommodation is let out on a 1 year AST from September 2022 at a rent of £33,600 pa paid monthly in advance. Further details upon request.
The retail unit is available to let at £25,000 pa.