Co-operative Funeral Service, 2 Hendred Street, Oxford

The property comprises a high yielding retail investment fully let to Co-op funeralcare and offering a number of value-add opportunities.

Arranged as three separate buildings occupying a large site. The property is currently fully let to Central England Co-Operative Limited on a lease expiring 04.11.2031 and paying £52,800 per annum.

The property effectively forms two separate parts, with a former end of terrace house fronting Oxford Road, which is now converted to retail space and extended to the rear forming a retail unit with a return frontage to Hendred Street. There is then a rear site accessed from Hendred Steet which includes two ancillary buildings used as additional amenity and parking space.

We consider the property benefits from asset management potential, with the current passing rent reflecting a low £7.52 per sq ft. Furthermore there may be an opportunity to obtain vacant possession of the rear site and develop to alternative uses (subject to the existing lease and any requisite consents).

Cowley is an affluent suburb of Oxford and the property benefits from a prominent corner frontage. The area is characterised by a mix of residential and retail uses