About this property

Detailed Description

31-32 High Street is well located in the heart of Banbury Town Centre and is occupied as a whole by Anker & Partners Estate & Letting Agents. The property is accessed from High Street and Calthorpe Street. There is a separate (third) access to the rear elevation off Calthorpe Street. The property comprises ground floor retail/office area first floor office/storage area and second floor office/storage area. The property has the following features:

* Return frontage and access
* Open plan retail/office space
* Potential for alternative uses
* Income generating investment
* Internally redecorated

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. The subject property is situated in a prime position in Banbury Town Centre with walking distance of all amenities including Banbury Railway Station and bus station. High Street provides a main throughfare for traffic flowing around the town centre.

Accommodation

See brochure for accommodation details.

Business Rates

The current Rateable Value for the property is £18,500.

Services

We understand that the property is connected to mains electricity, gas, water and sewerage. We have not carried out tests of any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

VAT

It is understood that VAT is not applicable.

Legal Costs

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

Terms

The property is offered for sale with a price guide of £325,000. The building is let to Anker & Partners on a 10 year lease from 21st July 2025, the passing rent is £21,000 per annum. Copies of the lease will be made available to verified applicants on a confidential basis. The property will be sold subject to the occupational lease and the business is unaffected.