The property has just been redeveloped to provide three ground floor shops with apartments above. Each shop has its own toilet and kitchenette with separate services. There is a shared courtyard at the back with bin store and separate access for bins and servicing. One of the shops is already let. Two shops are available to lease or for sale with these approximate floor areas: 3 Parsons Street: 566 sq ft 3a Parsons Street: 854 sq ft
Town Centre Shops for Sale or Lease
Type: General Retail, Retail - High Street, Office, Retail, Offices
3 and 3a Parsons Street, Banbury, OX16 5LWGBBanburyOxfordshireOX16 5LW3 and 3a, Parsons Street
Banbury is situated at Junction 11 of the London to Birmingham M40. The town has a population of 42,000, a catchment of approximately 290,000 and is an expanding town with considerable new housing and commercial development taking place. The property, Banbury’s ex Post Office is located in a central position on the High Street close to the pedestrianised area of the town and Tesco Express.
The property currently comprises a Grade II Listed three storey building fronting the high street with ground floor retail/office accommodation. Upper floors are separately accessed and used for offices/storage together with a number of single storey offices and stores to the rear including an enclosed yard area. The existing on site accommodation comprises some 4,985 sq ft (462.9 sq m) all situated on a site of approximately 526 sq m.
Our client is willing to discuss the potential sale of the whole of the building; an appropriate part or consider a joint venture of the development of the site. Offers from prospective parties are invited accordingly.
The property provides an opportunity for conversion/redevelopment likely to incorporate a conversion of the existing 3 storey building and new development of the rear site to provide up to 9 flats totalling some 6,952 sq ft (645.85 sq m). Full plans are available of the existing accommodation and the development proposal. Our client is making a pre-planning application enquiry on this basis.
57-58 High Street, Banbury, Oxon, Ox16 5JJ
Type: Retail, Offices, Office, General Retail, Retail - High Street
57-58 High Street, Banbury, OX16 5JJGBBanburyOxfordshireOX16 5JJ57-58, High Street
A rare freehold office investment let to Savills (UK) Ltd. An attractive period property utilised as offices with potential (STP) to be converted to residential. A popular business and professional services location within Banbury. ( Agency Pilot Software Ref: 423764 )
36 South Bar Street, Banbury, OX16 9AE
Type: Office, Offices
36 South Bar Street, Banbury, OX16 9AEGBCherwell, BanburyOxfordshireOX16 9AE38, South Bar Street
A former builders yard and depot for Keyline Builders Merchants with secure yard and two main entrances set in 1.48 acres. The main property comprises office space with trader counter ancillary office area and board room, together with an internal store. ( Agency Pilot Software Ref: 401709 )
Former Builders Yard & Offices, Pipe Lane, Banbury, OX16 2RP
The premises comprise a modern industrial / warehouse building with office accommodation and benefits from planning consent for B1 light industrial, B2 general industrial and B8 warehousing and distribution with ancillary offices. Externally the premises benefit from an extensive yard area together with 54 specific car parking spaces
The unit is strategically located adjacent to J11 of the M40 motorway with excellent access to London, Birmingham and the national motorway network ( Agency Pilot Software Ref: 758079 )
Unit 8, MXL Centre, Lombard Way, Banbury, OX16 4TJ
Type: Warehouse, General Industrial, Industrial
Unit 8, MXL Centre, Lombard Way, Banbury, OX16 4TJGBCherwell, BanburyOxfordshireOX16 4TJ1, Lombard Way
The property occupies a prominent corner position at the junction of High Street and Broad Street in Banbury town centre. It forms part of a busy pedestrian route linking the town centre, Market Square and Castle Quay Shopping Centre.
Other occupiers in close proximity include: Robert Dyas, Barclays Bank, Coventry Building Society, Café Nero, The White Stuff and Nat West
This property is ranged over 4 storeys to the front and 2 to the rear providing ground floor sales with first floor staff /storage and ancillary accommodation over second and third floors.
The property provides the following approximate net internal floor areas:
Ground Floor Sales 1229 sq ft 114.18 sqm First Floor Storage 1039 sq ft 96.53 sqm Second Floor Ancillary 367 sq ft 34.10 sqm Third Floor Ancillary 442 sq ft 41.10 sqm
Total Floor Area: 3077 sq ft 285.86 sqm
The Tenant is Shoezone Retail Limited (Company Number 148038). For the year ending 30/3/2017 Shoezone Retail ltd reported a pre-tax profit of £9,670,000 with shareholders’ funds of £31,696,000.
The property is held by way of a 5 year FRI lease from 31/3/17 at £22,000 per annum expiring 30/3/22.
We are instructed to seek offers in excess of £325,000 exc VAT (if applicable) subject to contract, reflecting a Net Initial Yield of 6.5 % assuming acquisition costs of say 4.0%
Investment Opportunity - 1 Hight Street Banbury
1 Main Road, Banbury, OX15 5DZGBBanburyOxfordshireOX15 5DZ1, Main Road
LOCATION Banbury is an affluent market town and is the main commercial centre for north Oxfordshire. It is situated at Junction 11 of the M40 motorway, approximately 80 miles (128km) north west of London, 44 miles (71km) south east of Birmingham, 31 miles (49km) north west of Milton Keynes and 22 miles (36km) north of Oxford. The M40 is the principal road link between London and Birmingham, the UK’s two largest cities.
The town is connected to the national railway network with a fastest journey time of 51 minutes to London Marylebone and 42 minutes to Birmingham’s New Street or Snow Hill stations. London Oxford Airport is 25 miles (40km) to the south while Birmingham International Airport is situated approximately 30 miles (48km) to the north west. Banbury’s central location in the UK, together with infrastructure improvements has led to its expansion and it now benefits from a diverse economic base.
The property is situated at the junction of Daventry Road and Brookhill Way and its junction with A422, approximately 300 metres to the west of junction 11 of the M40 motorway. Nearby occupiers include DHL, Karcher, Magenta Self Storage, Premier Inn, Frankie & Benny's, Toby Carvery, Costa and Banbury Gateway Shopping Park.
DESCRIPTION The property comprises a modern prominent office building over ground and two upper floors. It is of steel frame construction with brick elevations under a pitched tiled roof which was completed in September 2000. The property’s specification includes: • 4-pipe fan coil air conditioning • raised floors • suspended ceilings with integral lighting • double glazed polyester coated framed windows • two 10 person lifts • male and female toilets on each floor • shower provision • secure fence and barrier system There is an external building housing a generator and UPS serving the property.
Car Parking The property has 183 car parking spaces which provide an excellent ratio of 1:169 sq ft, and occupies a site 2.19 acres (0.89 hectares). Site area of approximately 2.19 acres (0.89 hectares).
PROPOSAL Offers are sought in excess of £4,500,000, subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 11.25% assuming purchaser’s costs of 6.57%, and a capital value of £145.14 per sq ft.
TENANCY The property is let to Lloyds Bank Commercial Finance Limited and Lloyds Bank plc as joint tenants on a 25 year lease from 13 December 2000 (approximately 8.25 years unexpired) at a rent of £539,682 per annum (£17.65 per sq ft overall, assumes half rate for reception area and access lobby). It is subject to 5 yearly rent reviews. There is a tenant’s break option in December 2020, upon 6 months’ notice. The property is used for a number of functions including Group IT, Commercial Banking Delivery, Data Services, Credit and Compliance, Client Management, Factoring Direct and Payroll Finance.
1 Brookhill Way, Banbury Cross Business Park, Banbury, OX16 3EL
Type: Office, Business park, Offices
1 Brookhill Way, OX16 3ELGBBanburyOxfordshireOX16 3EL1, Brookhill Way
The Old Malthouse is a Grade II listed building which was built by the Austin Brewery Company as a malting house in c. 1830 and converted to offices in the 1990’s. Behind its attractive façade has been created a spacious office building, suitable for use as offices or other uses within Class B1.
The twenty-nine car parking spaces are currently provided with the unit, twenty of which are in the covered area to the rear of the ground floor where there is also a storage area.
The premises are available for sale at £850,000 or to let on a new fully repairing lease at £90,000 per annum exclusive with a rent free period to be agreed for fit-out.
We advise that there will be a 95% overage provision in favour of the Vendor if the premises are subsequently developed for residential purposes.
The Old Malthouse, St Johns Road, Banbury, OX16 5HX
Type: Offices, Office, Residential
The Old Malt House, St. Johns Road, OX16 5HXGBBanburyOxfordshireOX16 5HXSt. Johns Road
47f Broad Street is accessed via an access road and yard to the rear of a terrace of retail units in Broad Street close to Banbury Town Centre in a mixed use area comprising mainly residential and retail properties. Banbury is located in North Oxfordshire at Junction 11 of the London to Birmingham M40 motorway and is subject to substantial commercial and residential expansion at the current time with a number of new developments underway and planned.
The premises comprise an industrial unit with a mezzanine floor together with self-contained offices, full equipped kitchen & bathroom on the second floor.
Externally there is car parking and unloading/loading areas immediately to the front of the property.
The premises are for sale at offers of £250,000 subject to an overage condition (30% of any uplift in value achieved as a result of any redevelopment of the site and within 10 years of the sale).
The site comprises approximately 30.52 acres (12.36 hectares), with a motorway service station planned for the front of the site. The remainder of the site can accommodate design & build solutions ranging from 40,000 st ft – 250,000 sq ft.
- From 30,000 - 250,000 - Build to suit for individual occupiers requirements - Strategic location - B1, B2 & B8 use, subject to consent - Freehold / Leaseholds available
For Sale or To Let - Design & Build Opportunities in Prime Location in Banbury
Type: General Industrial, Distribution Warehouse, Industrial