Situated in a busy trading location fronting one of Oxford’s main arterial roads and in a cosmopolitan suburb approximately 1 mile from the city centre, the premises are located in the heart of the Cowley Road commercial trading area, close to a Tesco supermarket. The area is represented by a diverse range of independent retailers and recognised as a popular destination for evening entertainment given the wide variety of catering establishments including restaurants, bars, cafes, pubs and take-aways. The area is densely populated with a considerable amount of student accommodation which benefits the local economy, in particular the drinking and dining establishments.
The premises are currently utilised to operate a class A1 retail business however, in April 2020 our client secured planning consent for a change of use to Class A3 (Café/Restaurant) use. Full details of the planning application can be viewed on the Oxford City Council planning portal under reference 20/00391/SF56.
The ground floor lock-up premises are suitable for a variety of cuisines and catering uses, briefly comprising a trading area approximating 1,517 sq. ft., being very deceptive in size, with an internal frontage width of 12’ 7’’ and an overall depth of 81’ 10’’. To the rear of the property is a lobby area 23 sq. ft., toilet and a kitchenette 61 sq.ft. There is no rear access to the property and no parking available.
The premises will require a complete fit-out by the incoming tenant at their own cost.
Offers invited for the Lease Premium.
Our client is prepared to grant a new lease for a flexible term – guide 7-10 years, at a commencing rental of £47,000 per annum, exclusive of business rates. The lease will be granted on proportionate Fully Repairing and Insuring terms.
To conclude, it is rare for a new Class A3/E planning consent to be approved in this area of Oxford and an internal inspection is invited, strictly by prior appointment only through the vendor’s sole agents, Business Partnership. Ref: AC9009SJG
Class A3/E
Key features:
- Busy position on main arterial route to oxford city centre
- Located in the heart of Cowley road retail and hospitality trading area –a densely populated commercial and residential area which includes a high proportion of students
- Ground floor lock-up premises approximating 1,577 sq. ft., rear lobby, toilet, kitchenette 61 sq.ft
- Suitable for many cuisines and catering uses
- Incoming tenant to fit out as required
- New lease available for a flexible term at £47,000 per annum rental
- Rare opportunity for a new class A3/E location to come to the open market in this area
- Internal inspection recommended, by prior appointment only through central business agency
