130 High Street Oxford Oxfordshire OX1 4DH

  • 130 High Street<br>Oxford<br>Oxfordshire<br>OX1 4DH

130 High Street
Oxford
Oxfordshire
OX1 4DH

Prime Coffee Shop, Dentist and Commercial Investment in Historic University City

  • Fully-let Grade II listed commercial investment
  • Tenants include a coffee shop, dentist, healthcare offices and a studio for antique musical instruments
  • All leases either commenced or renewed between 2020 and 2023
  • Coffee shop lease expires in 2042; Dentist lease expires in 2035 (subject to options)
  • Excellent City Centre location, 100 metres from Carfax Tower, close to The Clarendon Centre and The Westgate Centre, and opposite the main entrance to Covered Market
  • Nearby occupiers include John Lewis, Marks & Spencer, Sainsbury's, Caffe Nero, Costa, The Ivy Oxford Brasserie, Pizza Express, Wagamama, The Alchemist, All Bar One and Odeon Cinema
  • Rare opportunity to purchase historic building in historic university City
  • Lot
    18
  • Auction
    25th September 2024
  • Rent
    £89,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Prime Coffee Shop, Dentist and Commercial Investment in Historic University City

  • Fully-let Grade II listed commercial investment
  • Tenants include a coffee shop, dentist, healthcare offices and a studio for antique musical instruments
  • All leases either commenced or renewed between 2020 and 2023
  • Coffee shop lease expires in 2042; Dentist lease expires in 2035 (subject to options)
  • Excellent City Centre location, 100 metres from Carfax Tower, close to The Clarendon Centre and The Westgate Centre, and opposite the main entrance to Covered Market
  • Nearby occupiers include John Lewis, Marks & Spencer, Sainsbury's, Caffe Nero, Costa, The Ivy Oxford Brasserie, Pizza Express, Wagamama, The Alchemist, All Bar One and Odeon Cinema
  • Rare opportunity to purchase historic building in historic university City
  • Lot 18
  • Auction 25th September 2024
  • Rent £89,000 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
26 miles north-west of Reading, 42 miles east of Cheltenham, 60 miles north-west of Central London
Roads
A34, A40, A420, M40 (Junction 8)
Rail
Oxford Railway Station
Air
London Heathrow Aiport
Situation

The property is prominently situated in the heart of Oxford City Centre, on the south side of High Street (A420), 100 metres from Carfax Tower and opposite the main entrance to Covered Market. The property is located close to the City's two main shopping centres, The Clarendon Centre and The Westgate Centre. Nearby occupiers include John Lewis, Marks & Spencer, Sainsbury's, Caffe Nero, Costa, The Ivy Oxford Brasserie, Pizza Express, Wagamama, The Alchemist, All Bar One and Odeon Cinema.

Tenure

Long Leasehold. Held for a term of 125 years from 25/03/2002 from Oxford City Council at a peppercorn rent.

Location
Miles
26 miles north-west of Reading, 42 miles east of Cheltenham, 60 miles north-west of Central London
Roads
A34, A40, A420, M40 (Junction 8)
Rail
Oxford Railway Station
Air
London Heathrow Aiport
Situation

The property is prominently situated in the heart of Oxford City Centre, on the south side of High Street (A420), 100 metres from Carfax Tower and opposite the main entrance to Covered Market. The property is located close to the City's two main shopping centres, The Clarendon Centre and The Westgate Centre. Nearby occupiers include John Lewis, Marks & Spencer, Sainsbury's, Caffe Nero, Costa, The Ivy Oxford Brasserie, Pizza Express, Wagamama, The Alchemist, All Bar One and Odeon Cinema.

Tenure

Long Leasehold. Held for a term of 125 years from 25/03/2002 from Oxford City Council at a peppercorn rent.

Description

The property, a Grade II listed building, comprises a coffee shop arranged on ground floor and basement, a dentist arranged on the first floor, healthcare offices arranged on the second floor and a third floor studio for the sale and valuation of antique musical instruments.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Description

The property, a Grade II listed building, comprises a coffee shop arranged on ground floor and basement, a dentist arranged on the first floor, healthcare offices arranged on the second floor and a third floor studio for the sale and valuation of antique musical instruments.

VAT

VAT is applicable to this lot.

Note

Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)		 Floor Areas
(Approx sq ft) (1)		 Tenant Term Rent p.a.x. Rent Review
Ground
Basement		 Coffee Shop
Ancillary
65.00
23.47
(699)
(252)
 LOVE COFFEE OXON LTD (2) (t/a Love Coffee) 20 years from 10/03/2022 (2)
£50,000
10/03/2027 and 5 yearly thereafter
First Dentist
72.37
(779)
 REVIVE MEDICAL LTD (t/a The Oxford Smile Clinics) (3) 15 years until 14/03/2020 (3)
£16,500
14/03/2025 and 5 yearly thereafter
Second Medical
36.20
(390)
 OXFORD MIND & BODY LIMITED (4) (t/a Oxford Mind and Body) 6 years from 25/12/2023 (4)
£12,000
-
Third Studio/Office
31.40
(338)
 B. HEBBERT (t/a Hebberts Violins) (5) 5 years from 15/01/2023
£10,500
-
Total  
228.44
(2,458)
    
£89,000
  

(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates)
(2) An organic coffee shop, who now trade from two sites in Oxford, the subject property and the other in Cowley Road (www.lovecoffeeco.uk). The lease is subject to a tenant option to determine on 10/03/2027.
(3) The Oxford Smile Clinics are general and cosmetic dentists who also offer face and body treatments, with branches in Oxford and Didcot Broadway (www.theoxfordsmileclinics.co.uk). The lease is subject to a tenant option to determine on 14/03/2030.
(4) Oxford Mind and Body are independent qualified professionals offering CBT, Psychology and Psychotherapy with extensive experience working in NHS specialist services (www.oxfordmindandbody.co.uk). The lease is subject to a tenant option to determine on 25/12/2026.
(5) Hebberts Violins offer Sale, valuation and restoration services to antique musical instruments. (www.hebberts.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Structadene Group 3rd Floor, 9 White Lion Street
London
N1 9PD
James Thomson +44 (0)20 7843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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