4 North Parade, Oxford, OX2 6LX | £45,000 per annum
To let - A3 Restaurant with Residential Accommodation
North Parade, or more formally North Parade Avenue, is a niche retail and restaurant location, situated equidistant between Oxford City Centre and Summertown.
North Parade is predominantly given over to food and drink retailers in various forms and well regarded for its eclectic, colourful and vibrant streetscape.The restaurant is conveniently located just off the Banbury Road, close to the acclaimed Gees Restaurant and in an affluent and desirable residential area.
Description and Proposal
The subject property comprises a mid-terrace restaurant which has been substantially extended over time. At ground floor level the property is arranged as a bar and restaurant with a fully fitted kitchen located to the rear, followed by various storage, preparation areas and staff facilities thereafter.
From the dining area there is access to the basement via a conventional and also a small spiral staircase, where WCs are situated.
From the main entrance there are stairs to the 1st floor which offers a further dining area currently used as a function room, with toilets located to the rear.
To the rear of the property and accessed via an external walkway, there is a self-contained apartment comprising of 2 bedrooms, a lounge / kitchen and a bathroom. There is a small courtyard garden.
The property has been an iconic Oxford restaurant for the past 50 years and now offers the opportunity to create an exciting new offering in an extremely popular and north Oxford venue. North Parade benefits from an affluent nearby population, with custom generated throughout afternoons and evenings.
Ground floor: 84.02 sq m (904 sq ft)
First floor: 43.90 sq m (473 sq ft))
Terms and Rent
The property is available by way of a new full repairing and insuring lease, without premium, for a term to be agreed, at an initial rent of £45,000 per annum.
The premises benefit from an A3 Restaurant use.
All figures quoted are exclusive of VAT where applicable.
We have not tested any services, and offer no warranty as to their condition.
The premises are listed as restaurant and premises and have a rateable value of £11,750
The residential upper parts are within Council Tax Band ‘A’.
Each party to bear their own legal costs incurred in the transaction.
Strictly by appointment with the sole letting agents. Sat Nav Ref: OX2 6LX