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3 bedroom apartment for sale

Headington, Oxford

Removed £1,150,000

Property Description

Key features

  • Investment opportunity
  • Mix use
  • Two restaurants
  • Three apartments
  • Prime location
  • Full repair leases
  • Potential yield approx. 7.5%

Full description

DESCRIPTION A mixed use commercial/residential investment opportunity in Central Headington currently producing a gross yield of approximately 6.5% There are currently three apartments on the upper level, while the ground floor comprises two restaurants let on 'full repairing' leases with 5 year rent reviews. One apartment is currently vacant, but when occupied the yield would be in the region of 7.5% 

LOCATION Central Headington is located on the Eastern side of the City, and offers a wide range of amenities including a wide range of bars and restaurants, national and independent coffee shops, various supermarkets including Waitrose. The John Radcliffe, Nuffield and Churchill hospitals are nearby along with great public transport links to central Oxford, London and the Airports. This is a very vibrant area of the city making this a sound investment. 

DIRECTIONS From St. Clements leave Oxford via Headington Hill towards London. After 1.75 miles proceed through the traffic lights and the premises can be found on the right. 

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 Penny & Sinclair who have seen the property in order that you do not make a wasted journey.  

TENURE & POSSESSION The property is freehold and the businesses are unaffected. 

LOCAL AUTHORITY Oxford City Council
Queen Street
Oxford
OX1 1EN
Telephone: (01865) 249811  

AGENTS NOTE 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.

 


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
08 February 2016

Floorplans

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