Museum Hotel, St. Aldates, Oxford

2,250,000 GBP Offers Over
Museum Hotel St. Aldates,
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Overview

  • Updated On:
  • February 23, 2024
  • 6 Bedrooms
  • 6 Bathrooms

Description

City Centre Apartments
St Aldates, Oxford
Offers Over £2.25m

• Opportunity

FULL planning permission has been granted to convert the hotel accommodation area into three luxury flats

The ground floor is leased to a commercial tenant, with a passing rent of £51,000 p/a

• Location

The Museum Hotel, 107 St Aldates, is in the heart of the city centre

Vehicle access 24 hours a day, vital as the property is only 50m from the pedestrianised city centre area, sitting on the A240 it is the main bus route through Oxford

World famous for it’s universities, Oxford is one of the most affluent city in the U.K.

Steeped in history, Oxford is one of the most visited cities outside of London, boasting over 7 million visitors each year, bringing £780m to the local economy
Property values in Oxford are the third highest in the U.K. with the average asking price of houses on the market in 2023 being over £650,000

• Development

FULL planning permission has been granted to convert the first and second floor of the hotel into three flats

Please see the attached documents

• Internal Details
The hotel is sympathetically restored, taking advantage of the numerous beautiful stoneworks, fireplaces and beams where possible

Presented in the highest of standards, the property requires very little work to convert as per the planning permissions granted

Existing Hotel – 227 sq/m

Ground Floor – 145 sq/m

Flat 1 – 85 sq/m – Two bed luxury flat at the front of the building, stunning features throughout

Flat 2 – 86 sq/m – Three or four bed luxury apartment, beautiful stone walls and exposed beams with a spectacular kitchen diner

Flat 3 – 52 sq/m – Exceptional one bed flat, full of features and character

Please see the floorplans for further information

Additionally, the basement could be developed further, it is full height and currently 29 sq/m

• Fixtures & Fittings

All fixtures and fittings not personal to the vendors are included in the sale

• Financials

The hotel generates a net profit of 35% sales are currently £300,000

Labrokes have a 15 year lease, the rent is £51,000 per annum since 2013, there is a rent review due as of Dec 2023, with five years remaining on the lease

Full accounts are available

Property in the often achieves up to £7,000 sq/m

• Tenure

Nationwide Business Sales are delighted to offer this rare freehold opportunity to the market at ‘Offers Over £2.25m’

Address: Museum Hotel St. Aldates
Area:
Zip: OX1 1BU
Country: United Kingdom
Open In Google Maps
Property Id : 50934
Price: 2,250,000 GBP Offers Over
Rooms: 3
Bedrooms: 6
Bathrooms: 6
Custom ID: 334643

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