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300 Abingdon Rd 4,657 sq ft 100% Let Retail Property Oxford OX1 4TE £2,000,000 (£429.46/sq ft) 2.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Total Area 7,814 sq ft / 725.9 sq m
- £66,780 pa current rental income from the residential element
- Potential to redevelop (subject to consents)
EXECUTIVE SUMMARY
A PRIME MIXED USE INVESTMENT OPPORTUNITY Situated on one of the main routes into central Oxford comprising a retail showroom with extensive forecourt parking and a workshop, two houses and two flats. * £66,780 pa current rental income from the residential element. * Potential to redevelop (subject to consents) * Commercial lease has expired and tenant is holding over at a reduced rent. Passing rent was £50,000 pa. * Additionally there is plenty of parking for both the commercial and residential elements
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,657 sq ft
Costar Property Class
B
Year Built
1931
Price
£2,000,000
Price per sq ft
£429.46
Yield
2.50%
NOI
£50,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Parking
30 Spaces (6.44 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Bus Route
- Dedicated Turn Lane
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NEARBY MAJOR RETAILERS
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300 Abingdon Rd
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