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69 London Rd 586 SF 100% Leased Retail Building Oxford OX3 9AA $668,476 ($1,140.74/SF)
Investment Highlights
- Ground Floor Commercial Space
- Currently let in its entirety to Dignity Funeral Directors
- Development potenital to rear (subject to planning)
- Two bed apartment on upper floors
- Large car park to rear
- Asset management opportunities at lease expiry
Executive Summary
The total site comprises approximately 0.1 acres and consists of an attractive 3 storey building, which was originally a detached residence. The property now has consented retail use on the ground floor (approx 586.6 sq ft/ 55 sq m NIA) and residential use on the two upper floors (APPROX. 637.77 sq ft/ 59.25 sq m GIA. The property was constructed in c.1924 and benefits from a large concrete car park to the rear (approx. 16.76m deep) which may have development potential subject to planning and subject to the existing tenancy agreement. The property is occupied in its entirety by a lease to Dignity Funerals Limited. There is an area of land behind the car park which provides full rights of access to 2A and 2B Osler Road and rear access to 71 London Road. The freehold interest in the property is available to purchase. The land registry title number is ON22568.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
586 SF
Building Class
B
Year Built
1928
Price
$668,476
Price Per SF
$1,140.74
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.13
Lot Size
0.10 AC
Parking
4 Spaces (6.83 Spaces per 1,000 SF Leased)
Frontage
24’ on London Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Security System
- Storage Space
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Nearby Major Retailers
Contacts
-
Sophie Holder -
Tom Vecchione -
Edward Lifely -
Benedicts Consultant Surveyors Ltd
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69 London Rd
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