Offers in region of
£400,000
(£127.92/sq. ft)
Retail premises for sale47 & 48-48A High Street, Banbury OX16
3,127 sq. ft
EPC Rating: A
About this property
Two fully let retail properties - Roundford Limited and Youdix Ltd
Centrally located within Banbury Town Centre
Current gross rental income of £36,000 per annum
Situated on Banbury High Street and within sight of the famous Banbury Cross
2x two-storey adjoining retail units which are fully let on separate leases
Ground floor retail areas with clinical/office/welfare space to first floors
Estimated Rates Payable: £16041.51
2x two-storey adjoining retail units which are fully let on separate leases. The units comprise ground floor retail areas with clinical/office/welfare space to first floors. There is an element of ‘flying freehold’ to first floor. The properties are being sold in combination subject to the leases held.
47 High Street is let to Roundford Limited on a lease term of 10 years from 01/07/2019 at a rent of £18,500 per annum. 48-48a High Street is let to Youdix Ltd on a lease term of 20 years from 25/11/2024 with a break at 25/11/2028. Rent £17,500 per annum. Full lease details are available from White Commercial.
Location
Banbury is situated at Junction 11 of the London to Birmingham M40 Motorway and is a rapidly expanding town, with a population approaching 55,000 (2021 census) and an estimated catchment population of approximately 256,000.
The premises are situated on Banbury High Street and within sight of the famous ‘Banbury Cross’. Surrounding occupiers include Tesco Express, Anker and Partners, Cash Converters and Finders Keepers, among many others.
Mortgage calculator
£2,000 per month
70+ lenders and 10,000+ products
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}