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£3,350,000

North Parade, Oxford, OX2

  • 6 beds
Detached house

£3,350,000

  • 6 beds
Detached house
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Estimate monthly mortgage payment:

£15,293 per month

Minimum deposit amount:

£167,500
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North Parade Mews is an incredible investment opportunity now available in Central North Oxford. The site offers a profitable combination of three retail and five residential units to provide a reliable blend of income streams. The units are centred around a private courtyard which benefits from a secure gate with keycode access.

Units:

Flat 1: Lounge/Kitchen, Shower Room, Double Bedroom. (£17,400 p.a.)

Flat 2: Lounge/Kitchen, Bath and Shower Room, 2 Double Bedrooms. (£19,200 p.a.)

Flat 3: Lounge/Kitchen, Shower Room, Double Bedroom. (£16,800 p.a.)

Flat 4: Lounge/Kitchen, Shower Room, Double Bedroom. (£16,080 p.a.)

Flat 5: Lounge/Kitchen, Bath and Shower Room, Double Bedroom. (£17,400 p.a.)

Unit 6: Room with toilet, currently let as therapy room. (£7,956 p.a.)

Retail 1: Premises with Class E consent, tenant currently using for storage. (£15,000 pa.) - Possible change of usage option

Retail 2: Current tenant trading as take-away. (£15,000 p.a.)

Location:

North Parade is a delightful lane of boutique shops, restaurants, and bars tucked away a stone's throw from the city centre. Due to it's Central North Oxford location it is regularly frequented by residents of the surrounding roads, and offers a desirable prospect for those looking to get a foothold in the profitable area.

The lane is a short walk from University Parks and the heart of Jericho. It is easily accessed via public transport links on the nearby Woodstock and Banbury Roads.

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£15,293 per month
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Stamp Duty tax
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£313,250
Mortgage and legal costs:
£999
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