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House For Sale £1,095,000
Lake Street, Oxford OX1
previous price £1,350,000


Description
Description rare investment opportunity: A detached property situated in this most convenient location and within easy reach of the city centre. The accommodation is arranged over three floors and extends to c. 3151 sq ft. The property has an hmo license for sixteen occupants and in addition, there is a self contained one bedroom apartment. The property as a whole currently produces £76,920 pa.The property has the benefit of six undercover parking spaces to the rear of the building. Please note that the adjacent detached property - 62 Lake Street is also available to purchase with a guide price of £750,000. Details of tenancy end dates are available.

Location Situated approximately a half mile from the city centre to the south, New Hinksey offers easy access to both the city and the ring road. It is an ideal area for families with good primary schools nearby, a flourishing community centre, and a local gp practice. Hinksey Park is on the doorstep with its outdoor pool, tennis courts and play areas for children. The location is in walking distance - and a short cycle ride - to the Westgate Shopping Centre, the train station and bus station with regular services to London and the airports.

Directions From Folly Bridge head south along the Abingdon Road. Take the first turning on the right after the park in to Lake Street. The property will be found on the right hand side.

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 staff who has seen the property, in order that you do not make a wasted journey.

Fixtures & fittings Certain items may be available by separate negotiation with Penny & Sinclair.

Tenure & possession The property is Freehold and being sold as an ongoing investment.

Local authority Oxford City Council
Town Hall
St Aldates
Oxford,
OX1 1BX

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.

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