Details

Botley Road, Oxford, OX2

Guide price £675,000 Freehold

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Description
GREAT INVESTMENT OPPORTUNITY OF COMMERCIAL & RESIDENTIAL property. Freehold interest of retail shop with Botley Road frontage and two dwellings on Duke Street. An annual income of £30,720 expected to rise to £33,900 next year.

DESCRIPTION Conveniently situated to provide easy access to Oxford Railway station, the city centre and the A34 this is a great opportunity to acquire the Freehold interest of 115 Botley Road, 41 & 42 Duke Street, Oxford.

The properties comprise:- a one bedroom duplex apartment, a Coach House with integral garage, a retail shop with an agreed lease until March 31st 2024. The Freehold of the two bedroom flat above benefitting from rent collection. Numbers 41 & 42 are tenanted producing £875.00 pcm each and the shop is rented at £750.00pcm plus £60.00 pcm for the garage.

This produces an ANNUAL INCOME of £30,720 expected to rise to £33,900 next year.

The property is being sold with tenants in situ and the shop is leased to CMS cartridges until 31st March 2024.

LOCATION The properties are conveniently situated just 1/2 a mile from Oxford Railway Station and 3/4 mile from the A34 with the new Waitrose store just a stones throw away.

DIRECTIONS Leave Oxford in a westerly direction along the Botley Road and continue for about 1/2 a mile, Duke Street will be found on the left hand side just beyond the Waitrose Store.

SERVICES All mains services are connected.

TENURE & POSSESSION The Freehold of the property for units 115 Botley Road, 41 & 42 Duke Street are being offered with tenants in situ.
Ground rent collection only for unit 43 Duke Street.

FIXTURES & FITTINGS Certain items may be available by separate negotiation with Penny & Sinclair.

COUNCIL TAX 41 Duke Street Band B amount payable for 2017/18 £1485.39

42 Duke Street Band B amount payable for 2017/18 £ 1485.39

VIEWING ARRANGEMENTS Strictly by appointment with Penny & Sinclair. Prior to making an appointment to view, Penny & Sinclair strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of staff who has seen the property, in order that you do not make a wasted journey.

IMPORTANT NOTICE Penny & Sinclair, their clients and any joint agent gives notice to anyone reading these particulars that:
i) the particulars do not constitute part of an offer or contract; ii) all descriptions, dimensions, references to the condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers should not rely on them as statement or representations of fact. iii) the text, photographs and plans are guidelines only and are not necessarily comprehensive. Any reference to alterations to, or use of, any part of the property does not mean that all necessary planning, building regulations or other consents have been obtained and Penny & Sinclair have not tested any services, equipment or facilities. A buyer or lessee must satisfy themselves by inspection or otherwise. iv) the descriptions provided therein represent the opinion of the author and whilst given in good faith should not be construed as statements of fact; v) nothing in the particulars shall be deemed a statement that the property is in good condition or otherwise, nor that any services or facilities are in good working order; vi) no person in the employment of Penny & Sinclair has any authority to make or give any representation or warranty whatsoever in relation to this property. vii) all measurements are approximate.

Viewing
Please contact us on 01865 318013 if you wish to arrange a viewing appointment for this property, or require further information.

Features
  • INVESTMENT OPPORTUNITY
  • Freehold of retail shop & cellar
  • Residential coach house
  • Residential one bedroom duplex apartment
  • Ground rent collection for 2 bedroom apartment
  • An annual income of £30,720
  • The properties are being sold with tenants in situ and the shop is leased to CMS cartridges until 31
Office Address: 1-4 The Plain, St Clements, Oxford, OX4 1AS Telephone : 01865 297525
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