3 bed Flat For Sale £380,000
ATTENTION INVESTORS - A three bedroom, top floor apartment close to the city centre.
The property is currently let for £2,145 pcm with a HMO licence and the tenants take care of all the bills (council tax, electricity, gas, water and internet). Current tenancy contract is on a commerical rolling basis but can be negotiated for longer periods. The current tenants are a student studying abroad company, therefore, they will always need accommodation in central Oxford.
We understand that the rental income of the property could potentially be increased to £2,145 at the end of the tenancy, which would equate to a yield of 6.4% at the guide price figure.
The property is held in a limited company, for which this is the only asset and the current owner is the sole director. There could be an option for an existing company to purchase the seller's company.
The property is ideally located for those wanting access to Oxford railway station which is a few minutes walk, excellent access to the coach station at Gloucester Green, Said Business School and the various university colleges in Oxford. The new Westgate shopping centre is also nearby, Oxfords ultimate retail destination with many restaurants, bars and a John Lewis.
Please get in touch if you have any further questions.
