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Mid-Counties Your Co-op, 42 Walton Street, Oxford, OX2 6AD

£2,500,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

High street retail property for sale

Key features

  • Excellent location close to Oxford University
  • Substantial freehold property. EPC Rating C
  • Ground floor retail space c.2,800 sqft
  • Would suit alternative use STP.
  • 5 flats producing annual rent of £70,800
  • Former Co-Op convenience store. Cannot trade as convenience store for new purchaser
  • Christie & Co Ref: 5710908

Description

Description

The former Co Op occupies a prominent position within a small terrace of properties that includes residential and commercial. The terrace benefits from a wide pavement area to the front and some limited on street parking opposite. The property is spread over three floors, with the former Co Op to the ground floor and five fully let flats to the first and second floors. To the rear of the ground floor are two small enclosed yard areas with access via the former trading area.

Location

Walton Street is situated in the Jericho conservation area, flanked on the western side by the River Thames and Port Meadow, and to the east by the River Cherwell and the University Parks. This vibrant neighbourhood, steeped in history, has evolved into a thriving and cosmopolitan residential hotspot, with cafes, bustling pubs, restaurants, cinema, and a cultural scene offering a plethora of events, art exhibitions, and live performances throughout the year. Central north Oxford is particularly popular for its proximity to the wide range of popular schooling and its easy access to the city centre. Oxford University occupies a number of buildings along Walton Street including the Radcliffe Observatory Quarter opposite, with the Oxford University Press in very close proximity to the former Co Op. The former Co Op is also close to Oxford train station and is in an area popular with students.

Internal Details

The ground floor former Co Op consists of:

Former trading area, manager's office, saferoom/cash office, staff kitchen, gents and ladies separate WC, cleaners cupboard, cold room, food preparation room, large store room, two small outdoor yard areas.

First and Second Floor

The first and second floors consist of five flats that are spread across each floor. The flats area accessed via a door to the front of the property.

A detailed floor plan for the ground floor former convenience store can be provided on request.

Letting Accommodation

Flat 1
12 month AST commencing 01/01/2025. Passing rent £1,350 pcm

Flat 2
12 Month AST commencing 01/06/2024. Passing rent £1,100 pcm

Flat 3
12 month AST commencing 08/09/2023 . Currently expired, rolling monthly agreement. Passing rent £1,175 pcm

Flat 4
12 month AST commencing 22/10/2024. Passing rent £1,100 payable 6 months in advance.

Flat 43a
12 month AST commencing 11/06/2024. Passing rent £1,175 pcm.

The individual tenancy agreements can be provided on request.

The Opportunity

The property presents an excellent opportunity to acquire a fully let block of accommodation in a highly desirable area of Oxford, that is popular with professionals and students. The ground floor former Co Op convenience store is due to close and will be relocating into an already established Co Op further along Walton Street. This part of the property will have a restrictive covenant in place so a purchaser will not be able to re-open this area as a convenience store or off-licence in the future. The trading area would suit a number of alternative uses that could include a coffee shop, office or residential accommodation subject to planning.

Regulatory

EPC rating C.

Energy Performance Certificates

EPC 1

Brochures

Mid-Counties Your Co-op, 42 Walton Street, Oxford, OX2 6AD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Oxford Station0.5 miles
  • Oxford Parkway Station3.1 miles
  • Islip Station4.7 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5710908-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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