The last apartment in a transformed office-residential conversion in Oxford has been sold, national commercial property and investment company LCP has announced.
LCP transformed the first floor of an office above three shops in Kingsway House, London Road, Headington, into a one two-bedroom flat and one three-bedroom flat. The second floor, where there were two existing 2 two-bedroom flats, was also refurbished to a high specification.
The office space, formerly occupied by a firm of solicitors, has been renovated as part of LCP’s plans to provide good-quality housing where possible within its retail portfolios in key commuter areas.
Each has large balconies at the rear, with large windows to maximise light and space, well-equipped kitchens with integrated appliances and stylish bathrooms.
Rakesh Joshi, associate director (convenience parades) at LCP, said the three were sold within weeks of the development being completed, while the fourth completed this week.
“We’re pleased that we’ve sold these flats to a variety of purchasers. They will provide the owner investors with excellent properties to let with good potential yields, in addition to being a great place to live for the owner occupiers,” he said.
“Not only are these conveniently located, being close to Oxford Brooke University, John Radcliffe Hospital and all the shops and amenities of Headington, but they are also on bus links direct to Oxford city centre.
“We’ve undertaken a number of similar conversions within our convenience parade portfolio over the past couple of years and we are committed to providing much-needed homes in areas of need.”
The office-flats conversion was completed in just nine months by appointed contractor Summer Property Maintenance Ltd. Savills was appointed to market the flats.
