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Tel: 01865 364541

Email: kidlington@aredhouse.co.uk

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Email: london@aredhouse.co.uk

This property has been removed by the agent. It may now have been sold or temporarily taken off the market.
An opportunity to acquire the freehold interest in a block of five apartments in a prime location, less than 5 miles
from Oxford city. The apartments are currently under construction and due for completion in early 2022.
The investment opportunity would gross £73,500 per year (at 100% occupancy) if let on a more passive Assured
Shorthold Tenancy basis. A significantly higher gross income could be achieved in the more involved Serviced
Accommodation (Air B&B) route.
The terms of the lease will be settable by the new owners, meaning that should one or all or the properties be sold
on, the ground rent and lease extension payments would remain as income.
The owner is looking to sell the site as a whole in the first instance with a discount BMV being considered to reflect
the economies of scale.
At Gross Development Value of £1,410,000 the gross yield from rent is 5.2% per year.
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