55 St Clements St
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55 St Clements St
2,813 SF 100% Leased Retail Building Oxford OX4 1AG £795,000 (£283/SF) 5.69% Net Initial Yield
Investment Highlights
- Prime retail location
- Close to local amenities
- Mixed-use retail and residential property
Executive Summary
Prime investment opportunity to purchase the freehold interest in this mixed-use retail and residential property in Oxford City Centre.
The property is set within an attractive period terrace and consists of ground floor retail area with kitchen / storage area to the rear and further useful ancillary basement storage area. There is access to the rear of the ground floor into the kitchen / storage area via Alan Bullock Close.
To the first, second and third floors there is flat with kitchen, shower/WC and five bedrooms, one of which is being used as a living room. Currently let as student accommodation which is accessed from St Clements Street.
The retail unit is currently let to Kean Falt Low, trading as Rachel's, on an FRI lease that expires in 2032. Passing rent is currently £14,000 per annum, rising to £15,000 in 2025 and £16,000 in 2026.
The residential unit is currently let as student accommodation, with passing rent at £35,400 per annum.
The property is set within an attractive period terrace and consists of ground floor retail area with kitchen / storage area to the rear and further useful ancillary basement storage area. There is access to the rear of the ground floor into the kitchen / storage area via Alan Bullock Close.
To the first, second and third floors there is flat with kitchen, shower/WC and five bedrooms, one of which is being used as a living room. Currently let as student accommodation which is accessed from St Clements Street.
The retail unit is currently let to Kean Falt Low, trading as Rachel's, on an FRI lease that expires in 2032. Passing rent is currently £14,000 per annum, rising to £15,000 in 2025 and £16,000 in 2026.
The residential unit is currently let as student accommodation, with passing rent at £35,400 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,813 SF
Building Class
B
Year Built/Renovated
1908/2014
Price
£795,000
Price Per SF
£283
Net Initial Yield
5.69%
NOI
£45,270
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Building FAR
2.35
Land Acres
0.03 AC
Parking
1 Space (0.36 Spaces per 1,000 SF Leased)
Frontage
15 ft on Saint Clement's Street
Amenities
- 24 Hour Access
- Bus Route
- Dedicated Turn Lane
- EPC - B
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Nearby Major Retailers
-
Tomasz Marsz -
Carter Jonas LLP
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55 St Clements St
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