Retail premises for sale in 60-62 Broad Street, Banbury, Oxfordshire OX16
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Property features
- Up to 4,500 square feet (418.21 square metres) of ground floor A1/A2/A3/B1/D1/D2 (STPP) space available
- Forming part of a major redevelopment of an iconic building in the heart of Banbury town centre
- Potential to split the ground floor (STPP)
- To be offered in shell and core condition
- For Sale or To Let
Property description
Location
The property is located in the picturesque historic market town of Banbury, in a prime position just off the high street, and within the main retail and leisure area of the town. Banbury is situated 64 miles northwest of London and 21 miles north of Oxford. Banbury station is approximately 0.4 miles away providing a regular train service into London. The journey time to Marylebone station can be as short as 1 hour. Nearby occupiers include Barclays Bank, Papa John's Pizza, Lloyds Bank, Ladbrokes and British Heart Foundation.
Description
The property forms part of a major redevelopment of an iconic building in the heart of Banbury town centre. The building is arranged over four floors, with commercial use on the ground floor and residential use over the upper floors. The upper parts have been arranged to provide 12 luxury apartments.
The ground floor has an approximate gross internal area of 4,500 square feet (418.06 square metres). We understand that the property is currently consented for retail use under planning application 16/02529/F. However, the property would lend itself well to alternative uses such as A2/A3/B1/ D1/D2, subject to appropriate consents being obtained. There is a secondary frontage to Pepper Alley which allows for the unit to be split (STPP). The property is to be offered in shell and core condition.
Please note all sizes given are approximate only. All interested parties are advised to carry out their own measured survey. Any planning enquiries can be raised with Cherwell District Council planning department.
Business Rates
The property is to be re-rated. All interested parties are advised to enquire with Cherwell District Council business rates department on .
Terms
The property is available either to let or for sale. The property is available with a new lease at £50,000 per annum with further terms to be agreed. Alternatively, the long leasehold interest can be bought for £475,000.
All negotiations are strictly subject to contract.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Harston&Co, E18 on +44 20 8033 5672 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Harston&Co, and do not constitute property particulars. Please contact Harston&Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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