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Investment / Development Under Offer

379 Cowley Road, Oxford, OX4 2BS

Tenure: Under Offer

Size: Circa 20,000 sq ft of Various Accommodation

Under Offer: £2,950,000

Town: Oxford

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INVESTMENT/DEVELOPMENT OPPORTUNITY 379 Cowley Road, Oxford is a self-contained site comprising a mix of different uses which has been in the same ownership for many years and has been well maintained over that period. The site provides a ready income stream underpinned by future development potential and is split into 3 distinct blocks with a large central yard/parking area.

Block 1 – This block comprises a ground floor retail unit let to Majestic Wine. At the rear of this building is a ground floor entrance providing access to 4 first floor bedsits each with independent bathrooms. There is a large, shared kitchen area. There is also a self-contained three-bedroom flat which has a dedicated ground floor entrance to the front of the building.

Clive Court – This is a purpose-built student let building constructed in 2013. This provides 6 student units each with independent bathrooms and kitchen facilities. There is a shared utility area. In addition, there is an independently accessed office with potential for further student accommodation use.

Units 1-4 – There are 4 self-contained industrial units constructed of steel portal frames with insulated cladding which are all let (subject to schedule comments below). All tenants are related to the motor trade and are well established within the local area.

  • Mixed use investment/development
  • Road frontage location
  • Rare freehold opportunity
  • Development potential
  • Retail/Industrial commercial leases
  • Student accommodation lettings

 

Unit Description Sizes Gross Income PA 
Block 1 Student & AST 2 bed flat & 4 bedsits £108,000
Clive Court Student Lets 6 units £56,700
Clive Court Ground Floor Office 179 sq ft £0
Steve Bartram Commercial Lease 1,045 sq ft £16,320
Oxford Car Service Centre Commercial Lease 1,119 sq ft £22,870
Oxford Car Service Centre Commercial Lease 1,072 sq ft £14,170
Majestic Wine Warehouses Commercial Lease 2,775 sq ft £50,000
Total     £219.606

Disclaimer:

CBRE Limited on its behalf and as agent for the Vendors or Lessors of this property, give notice that: 

  1. These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. 
  2. Whilst CBRE Limited uses reasonable endeavours to ensure that the information in these particulars is materially correct, any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, searches, enquiries, surveys or otherwise as to their accuracy.  CBRE Limited as such cannot be held responsible for any loss or damage whatsoever, including without limitation, any direct, indirect or consequential loss or damage or any loss of profits resulting from direct or indirect actions based upon the content of these particulars.
  3. No person in the employment of CBRE Limited has any authority to make any representation or warranty whatsoever in relation to this property and potential Purchasers, Lessees or Third parties will therefore not rely upon any statement made, or information provided, by any employee of CBRE.
  4. Unless otherwise stated, all purchase prices and rents are correct at the date of publication for guidance purposes and, unless otherwise stated, are quoted exclusive of VAT.  Lease details and service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
  5. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

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Get in Touch

For more information please email Will Davis

Alternatively call us on 01865 848488 to discuss any property requirements.

For more information please email Will Davis at will.davis@cbre.com.

Alternatively call us on 01865 848488 to discuss any property requirements.

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