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:

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

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.
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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.
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.
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