Commercial property for sale in Market Place, Banbury OX16

Key Points

Description

The premises, an imposing three-storey Grade II listed building, comprises two ground floor, self-contained, open plan retail units, each fully let with their own kitchen and WC’s, leased to Reynolds Blinds and Leport and Co Solicitors.

Planning permission has been granted for the conversion of the first, second and third floors to provide 3 self-contained flats – see 20/03662/F for full information. Please also refer to the listed building determination 21/01457/lb which permits alterations (subject to conditions) to the ground and basement floors in order to facilitate the conversion of the first, second and third floors of the building.

The property is available freehold, subject to the leases held by Reynolds Blinds and Leport and Co Solicitors. We understand that the premises is opted for taxation purposes and as such VAT will be chargeable upon the purchase price.

Location

Banbury is situated at Junction 11 of the London to Birmingham M40 and is the main North Oxfordshire centre for commerce and industry, with its population approaching 52,000 and a catchment of approximately 160,000. The town is undergoing significant commercial growth.

The property is situated in a prominent and busy position within the pedestrianised section of the Market Place, in Banbury’s town centre. The building fronts the main market place public car park and Banbury’s Castle Quay shopping centre; which has recently been subject to significant expansion, including construction of a new cinema, hotel, food retailing scheme and ‘Lock 29’ Market.

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The accommodation comprises the following areas: