About this property

Detailed Description

The Retail Space
Ground floor and basement commercial space is now vacant (currently being advertised to let) and was previously let to a high end sustainable children's retail unit. The space benefits from a large shop window, heritage features and lighting. Extending to 1,022 sq ft of shop floor space , WC, kitchenette and bin store access.

The Residences
Each of the four residential spaces has been thoughtfully and sympathetically designed and curated by the notorious London based designer, Phiber. Boasting high ceiling, sash windows video entry, integrated utilities, built-in storage and wardrobes throughout.

Location

Banbury lies approximately 2 miles from Junction 11 of the London to Birmingham M40 Motorway. Banbury has a current population of 54,000 and a catchment area of 256,000 living within a 30 minute drive. The subject property is situated in a prominent position in
Banbury Town Centre and sits amongst a range of national and independent retailers, professional occupiers, cafes and local
amenities. The property also benefitting from strong pedestrian footfall and excellent visibility. High Street provides convenient access to public transport links, close proximity to car parking facilities and good connectivity to the wider road network.

Accommodation

Please see accommodation and rental schedule.

Business Rates

Business rates and council tax is payable and will be the responsibility of the occupiers.

Services

Mains electricity water and drainage is connected. We have not carried out tests and interested parties should arrange their own
tests.

Viewing

Strictly by appointment with the sole letting agent

VAT

VAT It is understood that VAT is applicable on the commercial element only (ground floor).

Legal Costs

Each Party will be responsible for their own legal costs.

Other

PLANNING PERMISSION & PROPOSED ACCOMMODATION
The property benefits from planning consent to split the ground floor retail space into a 1 bed residential flat to the rear extending to approx. 450 sq ft, with an estimated rental value of c.£1,000 pcm. The retail space would then extend to approx. 564 sq ft with an estimated rental value of £12,000 per annum. See proposed plans attached to this brochure and for further information please contact the agents.

EPC
The retail space has an EPC Rating of C. Flats 1 & 2 have an EPC Rating of D and Flats 3 & 4 have an EPC Rating C.

Terms

The property is being offered for sale as an investment of the whole with a price guide of £1,250,000. The vendors may by separate
negotiation undertake the conversion works on behalf of a buyer.
Discussions should be had between the parties in this regard.