Property | VSL and Partners Ltd

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:

VSL & Partners Ltd, their clients and any joint agents give notice that

These particulars are set out as a general outline only, for the guidance of intended purchasers and lessees, and do not constitute, nor constitute part of, any offer or contract; and subject to contract
All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility, and any purchasers or lessees should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the accuracy of each of them;
No person in the employment of VSL & Partners Ltd has any authority to make or give any representation or warranty whatsoever in relation to the property;
Unless otherwise stated, all rents and prices quoted are exclusive of VAT which may be payable in addition.