Lot 44 Rear of 10 Combe Road, Oxford, OX2 6BL

Bidding Closed

SOLD FOR

£7,400

Property Enquiries

Simon Bailey

simon.bailey@bidx1.com
+44 (0) 7732 681 156

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Oliver Glyn-Jones

oliver.glyn-jones@bevanbrittan.com
07786 326 847
Description
Map
Viewings

Property Summary
  • By order of Canal & River Trust
  • Freehold electricity sub-station investment
  • Approximately 34.37 sq m (370 sq ft)
  • Let to The Electricity Supply Department of the Oxford Corporation
  • Canal side location
  • Producing £388.94 per annum
Tenure

Freehold

Location

Oxford lies on the banks of the River Thames and is a major tourist destination as well as the home of the oldest university in the English speaking world lying about 55 north west of London and 24 miles north west of Reading. It is accessed from the Oxford Ring Road that surrounds the city and provides direct access to the A34 to the west, The M40 motorway (junction 9) to the north and the M4 motorway (junction 13) to the south. Oxford railway station provides regional and national rail links including direct services to London Paddington and Oxford Airport lies about 8 miles to the north west of the City.

Combe Road lies in the suburb of Jericho just to the north of the city Centre. It runs west from Canal Street and was the filming location for the first ever Episode of Inspector Morse in 1986. The property lies to the rear of number 10 Combe Road, immediately next door to College Cruisers.

Description

A small rectangular parcel of land totalling approximately 34.37 sq m (370 sq ft) lying adjacent to the Oxford Canal and Castle Mill Stream. The site is part fenced and part walled and contains an electricity sub-station.

Planning

Oxford City Council (01865 249811) www.oxford.gov.uk

VAT
Please refer to Legal Documents
Property Table
UnitAreaTenancyRent
    
Land to the rear of 10 Combe Road34.37 sq m (370 sq ft)Let to The Electricity Supply Department of the Oxford Corporation on an agreement dated 03/03/1936 (refer to legal pack)£388.94

(1) The agreement contains RPI linked rent reviews with the next review being 29/09/2023.
(2) The site area has been provided by the vendor

EPC

No EPC required


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


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