About this property

Detailed Description

38 The Green comprises 6 ground, first and second floor office suites with communal front entrance and hallway and rear access to car parking. The suites are in the main small self contained offices which are attractive in the market more so than large self contained offices. Furthermore, the property comprises:

* Carpeted / tile / laminate flooring
* Electric heating
* LED lighting
* Car parking spaces
* Public car parking available close by to the front of the building

Whilst the premises is currently split into 6 office suites there is potential for alternative uses such as residential redevelopment (stp) when vacant possession is available.

Location

Banbury is the main North Oxfordshire centre for commerce and industry, it 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. 38, The Green is located on South Bar, the main professional business area in Banbury. It is within easy walking distance of the town centre.

Accomodation

Each suite has a floor area as shown in the table above. The floor areas are approximate net internal areas.

Business Rates

See attached tenancy schedule for details.

Services

Mains water, electricity and drainage are connected. There is no gas in the building. 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 appointment with the Selling Agent.

VAT

It is understood that VAT is not applicable on this transaction.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the sale.

Terms

The premises is available for sale with a guide price of offers in the region of £650,000. The gross total income as at the date of these particulars is £55,085 per annum. When fully occupied (Suite 2 currently vacant) we estimate the gross income would equate to £66,210 per annum. The gross income comprises rent, service charge and parking contributions.

Service Charge

Service charges are charged annually pro-rata per suite and the current service charge collection (year ending 2023) from all occupied units totalled £8,650.