St. Aldates, Oxford, OX1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
6
- SIZE
5,382 sq ft
500 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Three luxury flats
- City centre
- Stunning building
- Grade II listed building
- FULL planning permission
- Long lease retail tenant
- Residential conversion
Description
St Aldates, Oxford
Offers Over £2.25m
• Opportunity
FULL planning permission has been granted to convert the hotel accommodation area into three luxury flats
The ground floor is leased to a commercial tenant, with a passing rent of £51,000 p/a
• Location
The Museum Hotel, 107 St Aldates, is in the heart of the city centre
Vehicle access 24 hours a day, vital as the property is only 50m from the pedestrianised city centre area, sitting on the A240 it is the main bus route through Oxford
World famous for it’s universities, Oxford is one of the most affluent city in the U.K.
Steeped in history, Oxford is one of the most visited cities outside of London, boasting over 7 million visitors each year, bringing £780m to the local economy
Property values in Oxford are the third highest in the U.K. with the average asking price of houses on the market in 2023 being over £650,000
• Development
FULL planning permission has been granted to convert the first and second floor of the hotel into three flats
Please see the attached documents
• Internal Details
The hotel is sympathetically restored, taking advantage of the numerous beautiful stoneworks, fireplaces and beams where possible
Presented in the highest of standards, the property requires very little work to convert as per the planning permissions granted
Existing Hotel – 227 sq/m
Ground Floor – 145 sq/m
Flat 1 – 85 sq/m – Two bed luxury flat at the front of the building, stunning features throughout
Flat 2 – 86 sq/m – Three or four bed luxury apartment, beautiful stone walls and exposed beams with a spectacular kitchen diner
Flat 3 – 52 sq/m – Exceptional one bed flat, full of features and character
Please see the floorplans for further information
Additionally, the basement could be developed further, it is full height and currently 29 sq/m
• Fixtures & Fittings
All fixtures and fittings not personal to the vendors are included in the sale
• Financials
The hotel generates a net profit of 35% sales are currently £300,000
Labrokes have a 15 year lease, the rent is £51,000 per annum since 2013, there is a rent review due as of Dec 2023, with five years remaining on the lease
Full accounts are available
Property in the often achieves up to £7,000 sq/m
• Tenure
Nationwide Business Sales are delighted to offer this rare freehold opportunity to the market at ‘Offers Over £2.25m’
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
St. Aldates, Oxford, OX1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oxford Station0.6 miles
- Oxford Parkway Station3.7 miles
- Radley Station4.6 miles
About the agent
Notes
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