OX2 1.56 Acres, Millway Close, Wolvercote, Oxford

Freehold Residential Development With Planning Permission for 4 x 1 bed flats and Ground Rent Investment. The site is held freehold (title no ON9746) and currently comprises 55 residential units across 6 three storey buildings and also includes 33 garages. The site extends to approximately 1.56 acres and benefits from planning consent for an additional 4 x 1 bedrooms flats.

The subject property is located in the Oxford suburb of Wolvercote. The property is situated on Millway Close which is a residential cul de sac accessed from Mere Road. The site is situated within an existing block of flats. Across the road from the flats are a terrace of garages which are allocated to the flats.

Planning consent granted for 4 x 1 bedroom flats (Use class C3)

Freehold property comprising 55 residential flats and 33 garages all of which are sold off on long leases producing c.£1,405 per annum in ground rent income