Oxford shopping area with Boots and bar up for £16m sale

Norman House and Mayfield House on Banbury Road in Oxford are available jointly for £15,650,000, with the neighbour buildings including a number of tenants.

Among them are a Boots optician, Joe’s Bar & Grill, Helen & Douglas House Hospice, and Harvey Jones Kitchens.

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The two buildings – that are sandwiched either side of historic pub The Dew Drop Inn – are being marketed by Carter Jonas.

Its listing said: “Rare Oxford multi-let office and retail freehold investment with significant reversionary potential.

Norman House on Banbury Road (Image: Google Maps)

“The buildings occupy a prominent position on the Banbury Road which provides access to the city centre to the south and the A40 and A34 to the north which in turn connects to the M40.

“An established office and retail location popular with a mix of national and local businesses.

“Comprising two multi-let mixed use buildings with retail on the ground floor and office accommodation above.”

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The properties benefit jointly from 65 car parking spaces and comprise a total of 45,523 square feet of office and retail accommodation on a site area of 1.04 acres.

They have a contractual rent of £1,253,460 per annum and an average rent of £26.37 per square foot.

The building is available freehold.