Guide price
£225,000Block of apartments for sale
Millway Close, Oxford, Oxfordshire, OX2 8BJ
Auction
Added yesterday
Block of apartments
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
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Features and description
- Tenure: Freehold
Guide Price = £225,000+
*For Sale By Online PublicAuction . To inspect the legal documents for this property go to our website to download the legal pack*
A Freehold Ground Rent Investment Secured Upon 55 Flats and 33 Garages Producing £1,265 Per Annum Combined. Offered with Planning Permission for the Erection of 4 x One Bedroom Flats (Works Have Commenced).
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Burgess Field are within easy reach. Transport links are provided by Oxford Parkway rail station.
Description
The property comprises three purpose built blocks arranged to provide 55 flats and 33 garages across ground and two upper floors.
Tenancy
The 55 flats and 33 garages are all subject to a lease for a term of 999 years from 25th March 1971 (thus approximately 945 years unexpired) at a combined ground rent of £1,265 per annum
Note
PlanningOxford City Council granted the following planning permission (ref: 18/02644/FUL (18/02644/CND) (18/02644/CND2) (21/01837/VAR) on 3rd October 2018: 'Erection of 4 x 1 bed flats (Use Class C3) to first and second floor infills between existing block gable ends. Provision of bike storage. Retaining all car parking spaces, garages and refuse stores'. Works have commenced.
*For Sale By Online PublicAuction . To inspect the legal documents for this property go to our website to download the legal pack*
A Freehold Ground Rent Investment Secured Upon 55 Flats and 33 Garages Producing £1,265 Per Annum Combined. Offered with Planning Permission for the Erection of 4 x One Bedroom Flats (Works Have Commenced).
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Burgess Field are within easy reach. Transport links are provided by Oxford Parkway rail station.
Description
The property comprises three purpose built blocks arranged to provide 55 flats and 33 garages across ground and two upper floors.
Tenancy
The 55 flats and 33 garages are all subject to a lease for a term of 999 years from 25th March 1971 (thus approximately 945 years unexpired) at a combined ground rent of £1,265 per annum
Note
PlanningOxford City Council granted the following planning permission (ref: 18/02644/FUL (18/02644/CND) (18/02644/CND2) (21/01837/VAR) on 3rd October 2018: 'Erection of 4 x 1 bed flats (Use Class C3) to first and second floor infills between existing block gable ends. Provision of bike storage. Retaining all car parking spaces, garages and refuse stores'. Works have commenced.
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Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.