Investment Opportunity of 18 high quality residential apartments comprising 14 one bedroom dwellings and 4 two bedroom dwellings. Each apartment is self contained and has a dedicated car parking space. 3 visitor spaces.
Location
Cotswold Dene is situated in the Witney constituency approximately 13 miles west of Oxford. The Property is located on the A415 approximately 4 miles south of the A40 and 5 miles north of Kingston Bagpuize and the A420. The M40 is situated to the east and provides easy access to the North and South. The A34 can be joined at Abingdon which provides direct dual carriageway access to the M4. Regular bus services to Oxford and Witney are provided from the bus stop on the main road about 100 yards from the Property and there is local convenience shop and Petrol Filling Station within a mile. The Property is situated at the entrance to Standlake Business Park.
Accommodation
Harcourt House The 14 one bedroom apartments range from approximately 194 sq ft (18 sq m) to 258 sq ft (24 sq m). 3,337 310
The Warehouse The 4 two bedroom apartments are approximately 366 sq ft (34 sq m) each 1,464 136
TOTAL 4,801 446
Terms
Services We are advised that all main services with the exception of gas are connected to the premises. We confirm that we have not tested any of the service installations and any occupier must satisfy themselves independently as to the state and condition of such items.
Lease/Tenure/Terms All the Apartments are occupied by way of Assured Shorthold Tenancies and each one has a Rental Deposit equating to 6 weeks rent. An up to date
Tenancy Schedule is available upon request. The current gross rental income is £135,300 per annum (£11,275 per calendar month).
Purchase Price The freehold interest of the property is offered for sale with the benefit of the income from the 18 apartments at a Guide Price of £1.6million (one million six hundred thousand pounds).
Legal Costs Each party is to be responsible for their own legal costs.
VAT The Property is not elected for VAT and therefore VAT will not be added to the purchase price agreed.
Anti Money Laundering A successful purchaser will be required to provide relevant information to satisfy the AML requirements when Heads of Terms are agreed.