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£1,250,000 Guide Price

Oxford Road, Cowley, Oxford OX4

£1,250,000 Guide Price

5 Bedroom House For Sale

Oxford Road, Cowley, Oxford OX4


Key features


THE PROPERTY:

The premises are situated in a busy mixed commercial and residential area with various amenities nearby. It comprises two adjoining terraced properties which each have commercial space on the ground floor and self-contained residential accommodation to the upper floor(s).

Rateable Values: The properties are listed in the 2017 Rating List as follows: 134 Oxford Road - Office & premises RV £14,000. 136 Oxford Road – Shop & premises RV £10,500
Council Tax Bands: 134a Oxford Road - Band B 136a Oxford Road - Band B
Planning: The ground floor uses now appear to fall within Use Class E (Commercial, business and service) which permits: retail, restaurant, office, financial/ professional services, indoor sports, medical and nursery uses along with “any other services which it is appropriate to provide in a commercial, business or service locality”
The upper floors are residential. Interested parties are advised to make their own planning enquiries.
Tenure: The freehold interest is to be sold subject to the following tenancies:

134 Ground Floor - Vacant Nil Income (Previously occupied by freeholder)
134A First Florr AST producing £1,200pcm until 10/12/2022 with 12 month break clause
136 Ground Floor Lease £14,000pa until 17/11/2021 (Internal Repairing Lease. Inside L&T Act)
136A First and Second Floors Periodic AST £1,800pcm Periodic Granted 30/04/2017

Further details upon request.
Opportunity:
The property represents an opportunity to purchase a partially income producing investment with potential (subject to planning) to add value to the vacant parts.
Legal Costs: Each party is to bear their own legal costs.
VAT: All figures exclude VAT where chargeable.
Further Information: For any further information please contact the joint agents.


134 Oxford Road

An attractive two-storey terraced former bank building with a single storey extension to the rear. The front elevation is rendered with stonework features and has a distinctive ground floor bay window.
The ground floor is fitted as an office and has carpeted floors, fluorescent strip lighting and gas central heating.
The rear section has the benefit of roof lights, a small kitchenette and toilet facilities.

A substantial walk-in safe also remains in this area. A fire escape door leads out to an external courtyard.
The first floor is separately accessed from a small external courtyard and comprises a two double bedroom, self-contained flat with bathroom, kitchen and living room with access onto a terrace which houses 2 x large roof lights for the premises below.
Approximate Net Internal Area of Ground floor 1086 sq.ft (100.92 sq.m)


136 Oxford Road

A two and a half storey terraced building with a single storey extension to the rear. The front elevation is rendered with the ground floor having a retail display window and the benefit of a security steel roller shutter.
The ground floor space is currently occupied as a gym and benefits from ceiling mounted

spotlights, laminate flooring and gas central heating. There is a WC in the rear section.The upper floors are separately accessed from a small external courtyard and comprise a substantial 3-bedroom duplex with two bathrooms, living room and kitchen/diner. The flat also has the use of a roof terrace accessed from the corridor.

Calculate your Stamp Duty

Until March 31 2021 most buyers will be exempt from paying stamp duty on the first £500,000 of the purchase price. Calculate how much Stamp Duty you would have to pay on this property by using the calculator below.

Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

Book a viewing

Contact Parkers Witney

  • 63 High Street
  • Witney
  • OX28 6JA

Call 01993 708638

witney@parkersproperties.co.uk

Contact us now