Town-centre office with flat and short tenancy notice — refurbishment upside..
Victorian mixed-use building with commercial offices and one-bedroom flat above
A substantial Victorian mixed-use building on Oxford Street, combining ground-floor commercial offices and a one-bedroom flat above. The property offers immediate rental income potential while giving a buyer scope to refurbish and increase returns. The offices are arranged over ground and first floors (eight offices in total), with storage, kitchen area and cloakroom. The flat is in Council Tax Band A.
Current tenancy is periodic; possession requires two months’ notice, so an incoming owner can plan refurbishment or re-letting with short lead time. Utility connections to mains water, gas, electricity and drainage are understood to be in place. The offices carry a listed rateable value of £7,300.
Key strengths are the town-centre location close to Morrisons and strong local amenities, plus period character that will appeal to occupiers or short-term investors. Material negatives: the immediate area is classified as deprived with high local crime and a small plot footprint; the building is described as a fixer-upper and will likely need investment to modernise. Energy Performance Certificate is awaited; buyers should budget for potential improvements and confirm tenure and statutory compliance before purchase.
Suitable for investors seeking a mixed-use purchase with short tenancy notice and refurbishment upside, or an owner-occupier willing to modernise offices while retaining rental income from the flat.
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