Bicester Road, Kidlington
£1,300,000

Guide price

Bedrooms: 9
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.

01865 708648

Alistair Redhouse

17 The Kidlington Centre, Kidlington, Oxfordshire

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