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300 Abingdon Rd

4,657 SF 100% Leased Retail Building Oxford OX1 4TE £2,000,000 (£429/SF)

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

AN INVESTMENT OPPORTUNITY
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 workshop, two houses and two flats.
Description
A residential/commercial investment opportunity situated approximately a mile from the city centre which is made up of a car showroom with ancillary rear yard and workshop, as well as four residential properties consisting of two first-floor flats and two three-bedroom houses.
Additionally there is plenty of parking for both the commercial and residential elements.

Location
The property is located on Abingdon Road, the main southern route into the city of Oxford. It is
approximately a mile from city centre and is supported by a major bus route, on which the Redbridge Park and Ride has regular services.
The property falls into the Oxford 012B Neighbourhood and is within Hinksey Park ward and Oxford local authority district.
The Abingdon Road runs to the southern bypass and thereafter the A34. The Property is approximately 1.7 miles from the Oxford Train Station, which provides regular service to London, Birmingham and the South West.

The accommdation is arranged as follows:
294 Abingdon Road - A three bedroom end terraced house
296 Abingdon Road - A three bedroom mid terraced house
298 Abingdon Road - A two bedroom first floor flat located over the car showroom
300 Abingdon Road - A car showroom fronting Abingdon Road and Northampton Road with workshop and rear yard
300A Abingdon Road - A two bedroom first floor flat located over the car showroom.
Additionally there is plenty of parking for both the commercial and residential elements.
Additional information.
The residential properties are let on Assured Shorthold Tenancies.
The lease has expired on the retail showroom and workshop and the current tenant is holding over at a reduced rent.
The propeties are held under 4 separate titles.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
4,657 SF
Building Class
B
Year Built
1931
Price
£2,000,000
Price Per SF
£429
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Parking
30 Spaces (6.44 Spaces per 1,000 SF Leased)
Frontage
43 ft on Abingdon Rd

Amenities

  • Bus Route
  • Dedicated Turn Lane

Nearby Major Retailers

Tesco
Londis
chaiiwala
Sainsbury's
Costa Coffee
Chicken Cottage
Nando's
Pho
Sticks'n'Sushi
Pret A Manger
  • Listing ID: 31554736

  • Date on Market: 19/04/2024

  • Last Updated:

  • Address: 300 Abingdon Rd, Oxford OX1 4TE

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