Two substantial freehold properties available for sale currently producing an annual income of £57,600. This rental powerhouse is made up of two street facing commercial units in the heart of the Oxford Road with three studio flats above one and a two bedroom duplex above the other. The plot can be accessed at the rear via Wantage Road and the back of the plot features a further one bedroom annex with the potential to extend further subject to the necessary planning consents. An excellent opportunity to acquire a pair of well looked after rental properties ready for new ownership.
Other Information... Vendor Position: Motivated. No chain. Available: Fully let or in vacant possession. Annual Income: £57,600.00 Yield: 7% gross based upon current rent and £850k purchase price
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.