Bicester Road, Kidlington
£1,300,000
Guide price
Guide price
Bedrooms: 9
An opportunity to acquire the freehold interest in a block of five apartments in a prime location, less than 5 miles
from Oxford city. The apartments are currently under construction and due for completion in early 2022.
The investment opportunity would gross £73,500 per year (at 100% occupancy) if let on a more passive Assured
Shorthold Tenancy basis. A significantly higher gross income could be achieved in the more involved Serviced
Accommodation (Air B&B) route.
The terms of the lease will be settable by the new owners, meaning that should one or all or the properties be sold
on, the ground rent and lease extension payments would remain as income.
The owner is looking to sell the site as a whole in the first instance with a discount BMV being considered to reflect
the economies of scale.
At Gross Development Value of £1,410,000 the gross yield from rent is 5.2% per year.
from Oxford city. The apartments are currently under construction and due for completion in early 2022.
The investment opportunity would gross £73,500 per year (at 100% occupancy) if let on a more passive Assured
Shorthold Tenancy basis. A significantly higher gross income could be achieved in the more involved Serviced
Accommodation (Air B&B) route.
The terms of the lease will be settable by the new owners, meaning that should one or all or the properties be sold
on, the ground rent and lease extension payments would remain as income.
The owner is looking to sell the site as a whole in the first instance with a discount BMV being considered to reflect
the economies of scale.
At Gross Development Value of £1,410,000 the gross yield from rent is 5.2% per year.
01865 708648
Alistair Redhouse
17 The Kidlington Centre, Kidlington, Oxfordshire
See all properties from this agentSend me homes like this by email
