18 Magdalen Street, Oxford, OX1 3AE, UK

Odeon, 18 Magdalen Street, Oxford, OX1 3AE

Surface de l'actif Net

1 525 m²

Année de construction

1924

Oxford is a World-renowned University City, 51 miles north-west of London, with a population of circa 162,100 persons (2021 census).
The property, 18 Magdalen Street, is located in one of the prime retail and leisure destinations in central Oxford, adjacent to the iconic Randolph Hotel, and a short distance from Carfax Tower, the Westgate Shopping Centre, the Covered Market, as well as the Ashmolean Museum, Sackler Library and University Colleges.
The building has been in continuous use as a cinema since 1924 until June 2023 and offers two screens with 618 and 55 seats respectively, the former in a large auditorium format.
Freehold with a substantial reversion in April 2030.
Let in its entirety to Roxy Movies (The Oxford Cinema) Ltd on recent assignment from Odeon Cinemas Ltd on a lease for 99 years from 13th April 1931 (expiring 12th April 2030). The rent due is £1,400 pa for the premises plus £2,100pa for the “Chattels” making a total £3,500pa due in four instalments quarterly. The tenant is to keep weatherproof and watertight and to pay and discharge all rates and outgoings. Odeon Cinemas Ltd remain liable under privity of contract.
Odeon ceased showing films on 5th June 2023 and closed their George Street Cinema in January 2025, which the Landlord is redeveloping.

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Our clients are inviting offers for their freehold interest subject to contract and exclusive of VAT for their freehold interest.
Of interest to future occupiers or investor/developers – the freehold is available for the first time in over 90 years.