135 High Street
Oxford
Oxfordshire
OX1 4DN

Freehold Retail and Restaurant Investment in Historic University City

  • Excellent trading location close to Jigsaw, Karen Millen, Jack Wills, LK Bennett and Whistles
  • Attractive building close to historic colleges and opposite renowned Covered Market
  • Part let to Reiss Limited
  • Upper parts suitable for conversion to residential (subject to lease and consents)
  • Rarely available investment in internationally renowned and historic University City
  • Lot
    15
  • Auction
    19/Oct/2017
  • Rent
    £132,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees
Important Property Update
  • 135 High Street<br>Oxford<br>Oxfordshire<br>OX1 4DN
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Property Information

Location
Miles
26 miles north of Reading
60 miles north-west of Central London
Roads
A34, A40, A420, M40
Rail
Oxford Railway Station
Situation

The property is situated in an excellent trading location on High Street, close to its junction with Carfax, Queen Street, and Cornmarket Street and opposite Oxford's renowned Covered Market. The City's two shopping centres, The Clarendon Centre and The Westgate Centre are both close by, with The Westgate Centre due to re-open shortly after extensive redevelopment with John Lewis providing the anchor store. Nearby retailers include Karen Millen, Crew Clothing, Jigsaw, Jack Wills, Primark, GAP and Boots the Chemist.

Tenure

Freehold.

Description

The property is Grade II listed and comprises a ground floor shop with ancillary accommodation in part basement. There is a self-contained restaurant, accessed from High Street and from the rear, arranged on the part basement, first, second and third floors, with the tenant currently using the second and third floors as residential.

VAT

VAT is applicable to this lot.

Planning

The property benefitted from planning permission (now lapsed) to demolish the rear extensions and erect two and three storey extensions to provide retail floor space.

Completion Period

Six week completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
Basement
Retail/Ancillary
Ancillary
78.50 sq m
27.87 sq m
(845 sq ft)
(300 sq ft)
REISS LIMITED (1)10 years from
29/09/2009 until
28/09/2019
£83,500-
Part Basement/
First/Second/
Third
Restaurant (2)
259.75 sq m
(2,796 sq ft)
A S CHAUDHRY
t/a Shezan Indian
Cuisine (3)
15 years from
26/11/2009 until
25/11/2024
£49,00026/11/2019
Totals
366.12 sq m
(3,941 sq ft)
  £132,500 

(1) For the year ending 31st January 2016, Reiss Limited reported a turnover of £124,367,000, pre-tax profits of £17,822,000 and a total net worth of £32,247,000 (Source: Experian Group 18/08/2017). REISS has 135 stores globally (with over 80 in the UK), including shops in the United States, Ireland, United Arab Emirates, Hong Kong, Philippines, Holland, Russia and Canada (Source: www.reiss.com 04/09/2017).
(2) The second and third floor accommodation includes two self-contained flats.
(3) Shezan is an Indian restaurant that has established itself as one of the most popular and well positioned restaurants in the City Centre, with regular customers from both Oxford and Oxford Brookes University as well as visiting tourists.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    28.09.17
    File Size
    35 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.09.17
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    26.09.17
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
Lewis & Partners 15-19 Cavendish Place
London
W1G OQE
Stephen Raingold 020 7580 4333stephenraingold@lewisandpartners.com
Seller's Solicitors
Brecher LLP 4th Floor, 64 North Row
London
W1K 7DA
Caroline Ko 020 3696 7585cko@brecher.co.uk

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