About this property

Detailed Description

27, 28 & 28a have frontage onto Parsons Street and is located in the Conservation Area of Banbury Town Centre. We understand that both properties are Listed Grade II Buildings.

No. 27 is tenanted and the accommodation comprises ground floor restaurant area with bar and kitchen to the rear, first floor wc facilities and store area. The second floor is utilised as storage and integral residential accommodation.

No. 28 & 28a is vacant and comprises ground floor retail area and kitchen area. The first and second floor were previously used as restaurant area/residential accommodation with wc facilities. There is a rear courtyard. The property is in need of modernisation.

There is a basement and the personnel access points are from Parsons Street. There is a communal entrance access to the rear yard
which is a shared emergency access point to both properties.

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 premises is situated in a prime position in Banbury Town Centre with walking distance of all amenities including Banbury Railway Station and bus station. Parsons Street is a busy pedestrianised retail area close to Banbury Market Square and Castle Quay Shopping Centre.

Accommodation

See brochure for accommodation schedule.

Business Rates

The current Rateable Value for No. 27 is £11,750 and No. 28 is £13,000. The rates are the responsibility of the occupier or owner where vacant.

Services

We understand that the property is connected to mains electricity, 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. Mains gas is available in Parsons Street

Viewing

Viewings are to be arranged by prior appointment.  For further information or to arrange a viewing please contact: 

VAT

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

Legal Costs

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

Terms

The properties are offered for sale as one lot with a price guide of £335,000. No. 27 is let to Jool on a 20 year lease expiring 2028 and the passing rent is £13,500 per annum. Copies of the lease will be made available to verified applicants on a confidential basis. No. 28 & 28a is vacant. The properties will be sold subject to the occupational lease to No.27 and the business will be unaffected and No. 28 & 28a with vacant possession.