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Cotehill House 43-45a Molyneux Dr 1,022 sq ft 100% Let Retail Property Bloxham OX15 4AX £1,200,000 (£1,174.17/sq ft) 4.26% Net Initial Yield
Investment Highlights
- Located centrally in a popular residential area
- Excellent road communications via the motorway systems to London (70 miles south) and Birmingham (40 miles north)
- Banbury rail station is located approximately 2.5 miles from the property and provides frequent train service to London Marylebone and Birmingham
Executive Summary
Cotehill House is a three-storey building built after the 1980's and is of brick and blockwork construction under a pitched tiled roof. The property comprises a ground floor retail (leased to MVSN Ltd t/a Londis) known as 43-45 Molyneux Drive with 4 residential flats above which are known as Cotehill House and 1 residential maisonette known as 45a Molyneux Drive. There are multiple access points from both front and rear elevations. There is a yard with garages and parking area to the rear of the property. Unit details are shown in the table above.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,022 sq ft
Costar Property Class
C
Year Built
1980
Price
£1,200,000
Price per sq ft
£1,174.17
Yield
4.26%
NOI
£51,060
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.23
Total Plot Size
0.10 ac
Parking
3 Spaces (2.94 Spaces per 1,000 sq ft Leased)
Frontage
57 ft on Molyneux Drive
Amenities
- Corner Lot
- Signage
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Cotehill House | 43-45a Molyneux Dr
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