This property presents an intriguing opportunity for renovation and investment in the heart of Woodstock. Positioned prominently at the intersection of the High Street and Park Lane, it benefits from high visibility and foot traffic, making it a valuable asset in this historic market town.
The building is thoughtfully configured across two floors. The ground floor features both a restaurant and a retail shop, while the first floor houses a self-contained three-bedroom flat with separate access from Park Lane. This layout offers flexibility for various usage scenarios, including potential repurposing or enhancement to maximize rental income. Importantly, the property also includes onsite parking, a rarity in such a central location.
Woodstock is well-known for its rich history and charm, notably as the site of Blenheim Palace—a UNESCO World Heritage Site renowned for its stunning gardens designed by Capability Brown. The town itself boasts an array of shops, dining options, and accommodations that cater to both residents and tourists alike. Its proximity to Oxford (8 miles south) and Bicester Village (12 miles east) further enhances its appeal, with excellent transport links via the A44 facilitating easy access to major routes including the M40.
Currently, the restaurant is leased to an individual tenant with a long-term agreement generating £93,600 annually; however, there is currently a rent concession reducing this to £52,000 per year. The shop is let to Sue Ryder at £21,000 per annum with the lease having expired in 2021 but still occupied under holding over terms. The flat contributes another £12,000 annually. In total, these income streams amount to £126,600 per annum—offering significant income potential while allowing for future redevelopment or modernization.
The property falls within the Woodstock Conservation Area but is not listed, which may afford some flexibility regarding future renovations or potential expansions—contingent upon obtaining necessary planning permissions. This unique combination of location advantages and existing tenancies makes it an appealing prospect for investors looking to tap into this vibrant community with room for growth through strategic upgrades or changes in use.
Overall, this property not only provides solid current returns but also invites creative opportunities for enhancing value in one of England's most picturesque towns.
