About this property

Detailed Description

To the front of the site is a concrete portal frame building which is divided into two sections, the front section housing the trade counter and showroom area over which is a first floor storage with a fork lift loading facility and behind this the main warehouse. To the rear of the site is a more modern collection of buildings of steel portal frame with profile steel cladding to elevations and roof. More particularly the unit features the following:-

* Single & 3 phase electricity
* Gated yard entrance
* Concrete and tarmac surfaced yard which is securely perimeter fenced
* Forecourt car parking
* Large yard area which has previously been used for outside storage

Location

Banbury is the main North Oxfordshire centre for commerce and industry. These premises are located prominently on the main estate road of Beaumont Road Industrial Estate within approximately 1.5 miles of the M40 motorway. Excellent road communications via Birmingham to the north and London to the south. The Beaumont Road Estate is adjacent to Banbury Cross Retail Park and the adjoining Tesco Superstore and within 8 miles of Banbury Town Centre which provides fast rail links to London and Birmingham within about 53 minutes.

Accommodation

The property has the following (approximate) gross internal area.

Single Storey Warehouse - Units 1 & 2
Unit 1 - 2,395 sq ft / 222.50 sq m
Unit 2 - 2,377 sq ft / 220.83 sq m
GIA - 4,772 sq ft / 443.33 sq m

Concrete Portal Frame Buildings - Unit 3 & 4
Unit 3 - single storey warehouse - 4,511 sq ft / 419.07 sq ft
Unit 4 - two storey trade counter showroom & first floor storage Ground floor - 5,675 sq ft / 527.20 sq m
First floor - 5,725 sq ft / 531.83 sq m
GIA - 15,911 sq ft /1,478.10 sq m

GIA All Buildings - 20,683 sq ft / 1,921.45 sq m

Total Site Area - 1.52 acres

Business Rates

The property may benefit from Small Business Rates Relief which may reduce the rates payable. Please contact the agents for more information.

Services

We understand that all mains services are available although we are not aware that gas is currently connected. We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Viewing

Strictly by prior appointment with Sole Agents.

VAT

We are advised that VAT is applicable.

Legal Costs

Each party will be responsible for their own legal costs incurred in this transaction.

Other

The property has a current rateable value of £191,000. The current rate multiplier for the year 2023/2024 is 51.2p and therefore we estimate the rates payable are £97,792 currently. It is important to note that a lower rateable value will be applicable if the site is just used for warehousing and general industrial use rather than showroom and trade counter. Therefore, we advise talking to the Local Authority.

EPC -TBC

Terms

The freehold is offered with full vacant possession upon completion.