Global Edition

Floodlit range in Oxfordshire property portfolio sale

7.33am 31st May 2011 - Property

Savills in Oxford is bringing an unusually diverse property portfolio to the market in up to 11 Lots. The Oxfordshire Inn and Heathfield Village lies between the A34 and Bletchingdon, to the north of Oxford and comprises a hotel and Inn business combined with let residential dwellings, a purpose built 12 bay floodlit golf driving range with outfield in excess of 250 yards, agricultural land and a series of paddocks.

Alongside the golf range sits a single storey building with a reception, teaching area, workshop, kitchen and male and female WCs and a small storage shed adjoining. A grass paddock which adjoins the golf range could be used to provide additional golf practice or pitch and putt facilities (subject to planning permission).

The portfolio offers an attractive investment opportunity, whether purchased as a whole or as single lots. The property has excellent links to the national road and rail network. The A34 links to Junction 9 of the M40 to the south of Bicester and to Junction 13 of the M4, to the north of Newbury.

The Oxfordshire Inn is a single storey building with two function rooms, a bar, restaurant, office, and a fully equipped commercial kitchen. It is adjoined by the 28 bedroom 3* Oxfordshire Inn Hotel, set within three purpose built two-storey buildings.

To the east of the Inn and Hotel buildings, lies Walkers barn, a substantial stone built property under a pitched slate roof. Built at the turn of the last century and converted in 1997, it accommodates nine residential apartments which are currently let out to tenants. The apartments offer a substantial investment income stream although there is potential for sale as individual units at a later date.

To the south of Walkers Barn is The White House, an attractive four-bedroom period farm house of painted brick walls and with a slate roof, ideal for a family home.

Attached are two further dwellings – a one bedroom Studio and a three bedroom house called The Digs. In the grounds of The White House is The Bothy, a detached single storey building with a reception room and WC with shower. It is currently used as a beauty therapy room, but has the potential to be converted for other uses.

All four properties are currently let and could be purchased as a residential/commercial investment, or for development to one large family house (subject to gaining the necessary planning consent). The White House has a private drive and parking to the south, and further car parking is located to the north of the properties.

Areas of land are available in Lots from 0.6 of an acre to 143 acres, comprising a range of attractive amenity land/former parkland, paddocks and a larger block of commercial agricultural land. Many of the fields are enclosed by woodland or mature hedgerows and a stream runs through its heart. Land across the site has been used over the years for grazing or arable production but is currently lying fallow generating income under the Single Farm Payment Scheme.

“We are anticipating a high level of interest in this property, due to the wide range of potential purchasers it is likely to attract”, says Kay Griffiths of Savills Oxford.

The property is offered for sale by formal tender, unless sold previously and the closing date for offers is 14th July 2011. For further information please contact Kay Griffiths, Savills Oxford: 01865 269108




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