Tenure: Under Offer
Size: Circa 20,000 sq ft of Various Accommodation
Under Offer: £2,950,000
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.
|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|
CBRE Limited on its behalf and as agent for the Vendors or Lessors of this property, give notice that:
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