14 Ship Street, Oxford, Oxfordshire OX1 3DA

> Prime central investment opportunity
> Close to historic colleges of Oxford University
> Licenced HMO currently let at £22,800 pa

Guide Price: £20,000 Plus

Description:

Lease Details

Remainder of a 50 year lease from 25th March 2007 with rent payable of £15,700 pa.

Location

Ship Street is located within the historic centre of Oxford within immediate walking distance of some of the most noted colleges including Exeter, Jesus Trinity & Balliol. The property also allows access to excellent restaurants and amenities nearby and is in a prime investment location.

Description

This property is currently let on an AST agreement and is a licenced HMO until 30th March 2021, arranged over three floors as a three bedroom let.

Accommodation

Ground Floor: Entrance Hallway with Stairs to First Floor, Kitchen, Room One, Cloakroom, Bathroom and Shower Room. First Floor: Landing with Stairs to Second Floor, Room Two, Room Three. Second Floor: Loft Room ideal for storage.

Tenancy Details

The property is currently let to three occupants on a 12 month AST agreement at £1,900 pcm (£22,800 pa). A copy of the tenancy agreement will be included in the legal pack and prospective buyers are advised to satisfy any enquiries regarding the status of the tenancy prior to bidding.

Agents Note

(1) All potential buyers are advised to have satisfied all enquiries over the status of the current tenancy agreement along with the terms and condition of the lease, prior to bidding. (2) Please respect tenants rights to privacy at all times.

Tenure

Leasehold. Unexpired term of a 50 Year lease dated from 25th march 2007

EPC Rating

E

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.