A rare opportunity to purchase an extremely spacious freehold retail unit and three bedroom residential property on The Roundway, Headington parade of shops.A rare opportunity to purchase a freehold retail premises and residential property.
The retail unit is extremely spacious and currently holds Class A1 planning but also has strong potential to be able to obtain planning for A3 or A5 (subject to successful application to Oxford City Council) In addition such is the size of the premises it has huge potential for renovation/development at the rear (subject to planning) The vendor has received multiple enquiries for the retail premises without any form of marketing, demonstrating the high demand for this type of retail unit.
The parking area at the rear of the retail premises also offers strong potential for extension/development (subject to planning)
The business premises in its current form has a recommended market rent of circa £15,000 per annum, exclusive of rates.
The residential property attached is a three double bedroom flat over three floors. The property comprises of a small garden and pathway leading to the entrance, with the kitchen and small hallway located on the ground floor. On the first floor there is a hallway which leads to a bathroom and toilet and 'either' one large double bedroom, one good size double bedroom and a spacious lounge, or a large double bedroom, lounge and separate dining room. The second floor consists of a small office space at the top of the stairs and one large double bedroom. The property also comes with one garage.
The property has huge potential for renovation/extension/development with strong possibility of obtaining a HMO license (subject to succesfull application to Oxford City Council)
The property in its current form has a recommended market rent of circa £1,250 per calendar month
- Spacious retail unit
- Three double bedroom flat
- Business owner/occupier opportunity
- Rare investment opportunity
- Circa 6% gross yield as is
- Renovation potential
- Development potential