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FREEHOLD INVESTMENT PROPERTY PRODUCING 33,000 PA

Lot 16

282 Cowley Road, Oxford, Oxfordshire

Photo of 282 Cowley Road, Oxford, Oxfordshire
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FREEHOLD INVESTMENT PROPERTY PRODUCING 33,000 PA

Lot 16

This terraced property comprises a three storey building of traditional brick and pitched slate roof construction. The ground floor retail unit has a single storey extension to the front and is currently trading as Top One Pizza. The upper part of the building is accessed through the retail unit and we understand offers two bedroom accommodation. The whole building in its entirety has been let on a 5 year full repairing and insuring lease from March 2011 at a current rent of 33,000 with a rent review after 3 years. The property is therefore sold with the ongoing benefit of this investment income. We understand that the shop has an A5 class usage and VAT is not applicable to this lot. There is also a spacious yard to the rear of the premises. The property is situated on a busy thoroughfare that contains a mixture of nation

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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