£650,000

Oxford Road, Cowley, Oxford OX4

£650,000

Studio House For Sale

Oxford Road, Cowley, Oxford OX4


Key features


THE PROPERTY;

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)

Rateable Value: The property is listed in the 2017 Rating List : 134 Oxford Road - Office & premises RV £14,000.
Council Tax Band: 134a Oxford Road (Flat)- Band B

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 Floor AST producing £1,200pcm until 10/12/2022 with 12 month break clause.

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.

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.

Heads of Terms document available upon request.

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Contact Parkers Witney

  • 63 High Street
  • Witney
  • OX28 6JA

Call 01993 708638

witney@parkersproperties.co.uk

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