Office for sale in Unit 8 Somerville Court, Banbury Business Park, Banbury OX17

Key Points

Description

The two-storey end of terrace office building was built in the early 1990’s and in 2023 the property was refurbished to provide 3 individual office suites, together with kitchen facilities serving both ground and first floors.

The ground floor and first floor rear suites are currently both vacant, with the first floor front suite currently leased to Fat Panda First Aid Training Limited on a 3 year lease at a rent of £9,850 per annum exclusive, expiring in March 2026.

The whole building has 15 allocated car parking spaces, with current tenant ‘Fat Panda’ occupying 4 of these spaces (granted on a ratio of 1:200 sq ft).

There is a service charge payable in connection with the wider estate, the costs of which are stated within the above table. Full details and a copy of the budget and current building apportionment is available upon request.

The property is available on a virtual freehold basis (the long-leasehold interest having 972 years remaining at the time of writing).

Location

The property is located on the popular Banbury Business Park, located just three miles south of Banbury and on the edge of the attractive village of Adderbury, providing excellent access to both Junction 10 (7 miles) and Junction 11 (6.5 miles) of the London to Birmingham M40 Motorway. Banbury is the principal commercial and administrative centre of north Oxfordshire, being located at Junction 11 of the M40 motorway (London to Birmingham) and is a rapidly expanding town with a population of 54,335 (census 2021) and a District population of approximately 160,000.

Availability_Text

The accommodation comprises the following areas: