Land For Sale £500,000
An amazing opportunity to purchase a commercial property, suitable for a variety of uses and offering development potential (subject to necessary consents). *unconditional sale only*<br/></br>
<b>Situation</b>
Conveniently located on the eastern side of the city centre and within a short walk of the bustling Cowley Road. Exceptional location which also provides easy access to the University, Brookes, Oxford hospitals and South Park.
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<b>Description</b>
A single storey commercial building measuring approximately 186m2 plus parking area, in all circa 0.078 acres.
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The building has been used by the existing owner for many years, trading as a successful car repairs & mot garage.
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The property is considered suitable for a variety of different uses, including residential development subject to necessary consents.
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<b>Services</b>
We advise prospective purchasers to undertake their own enquires with regards to the location of services
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<b>Tenure</b>
The property is offered freehold with vacant possession upon completion.
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<b>Local Authority and planning note</b>
Due to this site being already a developed brownfield site, it is expected that the council will accept the re-development of the site in principle as long as it is suited to the surrounding area (Policy RE2) and subject to site specific considerations.
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The Local Plan for Oxford (2016 – 2036) which was adopted in 2020 provides the framework which will form the basis of decision making for any application on this site.
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Development within CPZs is required to be within 400m to frequent public transport & within 800m to a Local Supermarket in order to not require on site parking. The site does meet these criteria, therefore a residential development with no parking could be considered acceptable whether for student or market housing. There is an expectation that students won’t bring their car to the city and will use the public transport available.
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Regarding residential development, a requirement of allocated parking spaces will be needed for disabled access and Utility usage. These are expected to be provided with any designs of the new development. Initial layouts will need to look at this in more detail to see if it is feasible.
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There will be a requirement to demonstrate that the site is located near enough to the Universities to qualify to be used as student accommodation, which I suspect it will be with it being circa 1 mile from both the University of Oxford & Oxford Brookes.
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A pre-application enquiry could look into both options – either student accommodation or market housing – to explore the need in the area.
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Given the site is an existing employment use site, the Council may require proof that the continued use of the site for a car garage is not its most viable use. However, the site is not allocated therefore this may not be required. Pre-application discussions would need to explore this further.
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“Our in-house planning team would be delighted to assist with any pre-application or planning application work to help realise the development potential of the site. Should this be of interest, please contact Melissa Balk mrtpi at / .
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<b>Plans, areas and schedules</b>
Any plans, areas and schedules etc. That form part of these particulars is for the purposes of identification only and prospective purchasers should satisfy themselves as to the correctness of the information contained thereon prior to exchange of contracts
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<b>Proposed Terms of Sale</b>
• Unconditional sale only
• A non-refundable reservation fee of £2000 will be required to lodged with the buyers chosen solicitor and an undertaking provided to the vendors solicitor that should the buyer withdraw for any reason this sum would be transferred within 48 hours. (note this sum would be refundable should the title be shown as defective)
• Exchange of contracts will be required within 6 weeks of receipt of papers at the buyer’s solicitors. A 10% deposit will be payable upon exchange.
• The vendor is not under any obligation to accept the highest or any offer which is made.
</br>
<b>Situation</b>
Conveniently located on the eastern side of the city centre and within a short walk of the bustling Cowley Road. Exceptional location which also provides easy access to the University, Brookes, Oxford hospitals and South Park.
</br>
<b>Description</b>
A single storey commercial building measuring approximately 186m2 plus parking area, in all circa 0.078 acres.
</br>
The building has been used by the existing owner for many years, trading as a successful car repairs & mot garage.
</br>
The property is considered suitable for a variety of different uses, including residential development subject to necessary consents.
</br>
<b>Services</b>
We advise prospective purchasers to undertake their own enquires with regards to the location of services
</br>
<b>Tenure</b>
The property is offered freehold with vacant possession upon completion.
</br>
<b>Local Authority and planning note</b>
Due to this site being already a developed brownfield site, it is expected that the council will accept the re-development of the site in principle as long as it is suited to the surrounding area (Policy RE2) and subject to site specific considerations.
</br>
The Local Plan for Oxford (2016 – 2036) which was adopted in 2020 provides the framework which will form the basis of decision making for any application on this site.
</br>
Development within CPZs is required to be within 400m to frequent public transport & within 800m to a Local Supermarket in order to not require on site parking. The site does meet these criteria, therefore a residential development with no parking could be considered acceptable whether for student or market housing. There is an expectation that students won’t bring their car to the city and will use the public transport available.
</br>
Regarding residential development, a requirement of allocated parking spaces will be needed for disabled access and Utility usage. These are expected to be provided with any designs of the new development. Initial layouts will need to look at this in more detail to see if it is feasible.
</br>
There will be a requirement to demonstrate that the site is located near enough to the Universities to qualify to be used as student accommodation, which I suspect it will be with it being circa 1 mile from both the University of Oxford & Oxford Brookes.
</br>
A pre-application enquiry could look into both options – either student accommodation or market housing – to explore the need in the area.
</br>
Given the site is an existing employment use site, the Council may require proof that the continued use of the site for a car garage is not its most viable use. However, the site is not allocated therefore this may not be required. Pre-application discussions would need to explore this further.
</br>
“Our in-house planning team would be delighted to assist with any pre-application or planning application work to help realise the development potential of the site. Should this be of interest, please contact Melissa Balk mrtpi at / .
</br>
<b>Plans, areas and schedules</b>
Any plans, areas and schedules etc. That form part of these particulars is for the purposes of identification only and prospective purchasers should satisfy themselves as to the correctness of the information contained thereon prior to exchange of contracts
</br>
<b>Proposed Terms of Sale</b>
• Unconditional sale only
• A non-refundable reservation fee of £2000 will be required to lodged with the buyers chosen solicitor and an undertaking provided to the vendors solicitor that should the buyer withdraw for any reason this sum would be transferred within 48 hours. (note this sum would be refundable should the title be shown as defective)
• Exchange of contracts will be required within 6 weeks of receipt of papers at the buyer’s solicitors. A 10% deposit will be payable upon exchange.
• The vendor is not under any obligation to accept the highest or any offer which is made.
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