Co-Op & Oxford Wine Café, Jericho, Oxford, Ox1
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PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY CO-OP & OXFORD WINE CAFÉ, JERICHO, OXFORD, OX1 2HU 123-127 WALTON ST. & 32 LITTLE CLARENDON ST. INVESTMENT SUMMARY n Oxford is one of the UK’s top retailing and academic cities n Attractive building with prominent road n Passing Rent is £212,194 pa including a rental top n Prominent convenience store and wine bar located frontages totalling 6,902 sq ft let to Co-operative up on the Co-operative unit until December 2017 in the very affluent Jericho area of Oxford and Oxford Wine Café n Offers are sought in excess of £3,620,000 n AWULT of 17 years n Situated adjacent to the Radcliffe Observatory (Three Million Six Hundred and Twenty Thousand Quarter, one of the city's major recent n 62% of the income secured to Pounds) subject to contract and exclusive of VAT. redevelopments, and in close proximity Co-operative group for another 16 years This reflects a net initial yield of 5.50% after allowing for purchaser's costs of 6.51%. to Oxford University Press and Sommerville, n The Co-operative Group lease benefits from rent Worcester and Exeter Colleges reviews to the higher of Open Market Rent or RPI RADCLIFFE OBSERVATORY QUARTER OXFORD UNIVERSITY PRESS KEBEL COLLEGE BLAVATNIK SCHOOL OF GOVERNMENT WOODSTOCK ROAD ASHMOLEAN MUSEUM SUBJECT PROPERTY WORCESTER COLLEGE CORNMARKET STREET GEORGE STREET WALTON STREET NUFFIELD COLLEGE OXFORD CASTLE SAïD BUSINESS SCHOOL OXFORD TRAIN STATION FRIDESWIDE SQUARE A505 Stevenage Luton Stansted A41 Luton A120 A5 A10 LOCATION A44 A602 Oxford M1 A1(M) A34 Aylesbury A130 Welwyn Garden M11 OXFORD A40 City UNIVERSITY The historic city of Oxford is known as the City of dreaming The city is well connected by railway, with regular direct A418 A414 PARKS OXFORD A41 Hemel Harlow A12 P a rk St Albans s Hempstead R Thame o a A4142 d spires, it is an affluent city in the South East region of services to London Paddington in a journey time of 56 M10 Chelmsford RADCLIFFE J21 A420 A414 Epping Potters Bar OBSERVATORY A404 J20 M40 A4010 England, home to the world-renowned University of Oxford. minutes, and direct to Birmingham New Street in a journey QUARTER J23 J25 J19 P M25 J27 a r t k s Abingdon tree R S n A130 o t o a e d d e n Watford r e t r A time of 65 minutes. Enfield a W t S l C 4 e t a B re r at la Dorchester High t a e lt 1 ck The city is one of the fastest growing and ethnically diverse S r r H o h G 4 4 to n a l ic t lR 4 S e 4 V e o OXFORD r a A355 A Billericay t Brentwood 1 d Wycombe t t S A413 e lb r n e e e o 4 r d t r S t e A ren UNIVERSITY S t n la a tr C ig e J28 e l Didcot rd e itt M25 a t L Wallingford C PRESS in the UK. Oxford is strategically positioned to the west of Oxford is well served by bus links to and from Central Harefield Harrow C ton S Wantage a ling q Brent n el u d Harwell a W a a l A127 r o R e S s A12 k J29 ar t t S P r W e e t h e en Basildon ut t Cross e r c o t S s a t S e G r Romford l A404 J16 n C t o i n l o A e o lt n gt l s b a n Wembley i ll e W L the M40 and is located approximately 60 miles (96 km) London, with the X90 Oxford-London service and the e r W t a S n rt e e e W Henley-on-Thames Uxbridge t Maidenhead a CanveyS l t t J Ne ad o ls on Str d Ro eet mon o Slough ch Ri n A13 W h Islandn a S S l t north west of Central London, 26 miles (41 km) north of Oxford Tube, with a journey time of approximately 100 t London o t r r LONDON n e t e ee e tr A34 L S e J15 t ey a s P City t Pu n a e UNIVERSITY r k M25 s R Windsor o R P 4 OF OXFORD a e B ce u w er Pla d Reading st e e s orc 4 Clapham W le a e Heathrow Reading, 65 miles (104 km) south east of Birmingham and minutes. y u y 1 M4 Richmond m R L Dartford 4 o o a a W d n n A Bradfield t e a B l u t i o l Gravesend d i Egham n Ashford J2 n g Bracknall A20 S s t 80 miles (128 km) south west of Cambridge. r e ASHMOLEAN Ascot Bromley e Heathrow International Airport is conveniently located Newbury J12 t MUSEUM A322 J3 Gillingham Walton-on-Thames Croydon Rochester WORCESTER 4 Bagshot A414 TRINITY approximately 45 miles (72 km) to the south east of Oxford; Oxford benefits from excellent communication links. R ew M2 le Castle Mill Stream COLLEGE A33 y R COLLEGE Sandhurst oa Epsom d J10 4 Woking The A34 and A40 dual carriageways provide access to this is the UK’s busiest airport, easily accessed via road, rail 4 Biggin Hill 1 A339 4 A22 M20 A J9 J5 M26 M3 R Sevenoaks Basingstoke e Fleet Oxford w M25 l A331 e et Junctions 8 and 9 of the M40 Motorway respectively. and bus. e y Maidstone tr A3 p S hi J7 J6 R S J8 o t a Stree Oxted d eorge George Street G t Aldershot tree Reigate A26 ls S hae Guildford 144 Mic Dorking Redhill A4 St Famham A21 A24 Tonbridge A303 M23 Horley Royal Alton Gatwick Tunbridge Cranleigh A264 Wells A229 A31 Crawley Three Bridges A264 East Grinstead Horsham Winchester A23 Haywards Heath PRIME RETAIL & LEISURE INVESTMENT OPPORTUNITY SITUATION The subject property is situated in a prominent position on the eastern edge of the Jericho district of Central Oxford. Jericho is a thriving and bustling suburb in Oxford and a hub for students making it one of the city's most sought-after areas. The property is conveniently situated on the corner of Walton Street and Little Clarendon Street. Little Clarendon Street is a retail street that links Walton Street to St Giles which provides access to the city centre approximately 0.5 miles (0.8 km) to the south. The subject property lies adjacent to the Radcliffe Observatory Quarter which is one of the most significant developments that has been undertaken by the University of Oxford. The designated area is a 10 acre site that encompasses the land immediately to the north of the subject property and work began on the development in October 2008. The first buildings to be completed in the designated area were new student accommodation blocks and since then a new health centre, maths institute, humanities division and school of government have been built and the area has transformed significantly, resembling a small campus. Nearby occupiers include; Loch Fyne restaurant, Brasserie Blanc, The Phoenix Picturehouse, Branca and The Oxford University Press. Oxford railway station is located approximately 0.5 miles (0.8 km) to the south west. DEMOGRAPHICS Oxford is a thriving city that benefits from tourism, a large student population and being commutable distance from London. There are 43,500 full time students and the city attracts an estimated 7 million visitors every year, generating approximately £780 million of spend. The town has an estimated shopping population of 258,000 and a total population within the Oxford primary catchment area of 553,000. Oxford has one of the most affluent catchment populations in the UK, ranked 26th of the PROMIS centres. The 2011 census showed that the Oxford area contained a significantly above average proportion of adults of working age categorised within the most affluent AB social group. 1 1 9 a 60.7m 11 9 el E p D ha e) C at & riv W (p a rd B PH 4 d y 6 5 7 ET War Memorial 9 RE ST N y O Fr D y N er th E rg e AR a ab d 12 L M iz el C T El ffi E C u e TL B N us IT Ho L 63.3m 61.1m 1 2 t rs Fi 5 20 3 1 f Hall o U TCB n O iv 8 e 2 7 ff r 9 2 3 i s 2 9 c e i ty 30 s 31 32a Bank 2 1 3 2 7 62.9m 9 2 1 54 6 ta S W ub S E 9 El L 4 L IN 61.1m G 2 8 2 8 2 3 T O N 3 1 3 S 2 Q 1 U A R 1 3 E 2 7 2 5 2 62.9m 8 4 5 7 1 3 W A 2 L 2 T 0m 10m 20m 30m O N 45 L C LB A R Rewley N E Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432© Crown. Plott eCopyright,d Scale - 1:125 ES0 100004106. For identification purposes only. House DESCRIPTION The property comprises three units, a convenience store, a wine café and student accommodation above, which has been sold off.