5 bed Flat For Sale £775,000
Cowley Road, East Oxford OX4
previous price £850,000

Description investment purchase: An opportunity to acquire five flats within this Victorian building situated on the Cowley Road. The five units produce an annual income of £43,560. (Flat 1 - 1 year tenancy from 6 Jan 17 - rent £820, Flat 2 - 1 year tenancy from 1 Sept 17 - rent £695, Flat 3 - 1 year tenancy from 21 July 17 - rent £795, Flat 4 - 1 year tenancy from 29 July 17 - rent £570, Flat 5 - 1 year tenancy from 28th July 17 - rent £750). Offered for sale as an on going investment opportunity with tenants in situ.

Location Cowley Road is located to the east of the city centre and within easy reach of the city centre, ring road and science/business parks. There is a regular bus service to the city centre/train station and the London/airport coach stop in St. Clements is within reach.

Viewing arrangements Strictly by appointment with Penny & Sinclair. Prior to making an appointment to view, Penny & Sinclair strongly recommend that you discuss any particular points which are likely to affect your interest in the property with a member of Penny & Sinclair's staff who has seen the property, in order that you do not make a wasted journey.

Services All main services are connected. The tenants from each apartment contribute c. £3500 per annum to cover the cost of gas used in the building. (The landlord collects this amount and then pays the gas bill). This amount also covers the cost of a British Gas 5* service agreement for the whole building. Electricity is metered per apartment. The landlord currently pays the Thames Water bill

tenure & possession The property is Freehold and is being sold with tenants in situ.

Local authority Oxford City Council
Town Hall
St Aldates
Oxford
OX1 1BX
Telephone agents note Penny & Sinclair, their clients and any joint agent gives notice to anyone reading these particulars that:
I) the particulars do not constitute part of an offer or contract; ii) all descriptions, dimensions, references to the condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers should not rely on them as statement or representations of fact. Iii) the text, photographs and plans are guidelines only and are not necessarily comprehensive. Any reference to alterations to, or use of, any part of the property does not mean that all necessary planning, building regulations or other consents have been obtained and Penny & Sinclair have not tested any services, equipment or facilities. A buyer or lessee must satisfy themselves by inspection or otherwise. Iv) the descriptions provided therein represent the opinion of the author and whilst given in good faith should not be construed as statements of fact; v) nothing in the particulars shall be deemed a statement that the property is in good condition or otherwise, nor that any services or facilities are in good working order; vi) no person in the employment of Penny & Sinclair has any authority to make or give any representation or warranty whatsoever in relation to this property. Vii) all measurements are approximate.