1 IO Centre was constructed in 2000 and comprise a detached warehouse/industrial building of steel portal frame with steel cladding to external elevations and a clear internal height of 6 meters with concrete floors and a floor loading of 30KN/m2. There are two electrically operated roller shutter doors of 4m x 5m.
Offices are provided to ground and first floors with central heating and perimeter trunking. There is a self -contained concrete service yard and 8 car parking spaces.
The property is available on a new lease at a rental of £77,000 per annum exclusive of VAT and other outgoings and subject to contract or for sale on a long leasehold interest which expires on 4 April 3002 at £1,165,000 plus VAT.
Banbury is situated at Junction 11 of the London to Birmingham M40 and the premises are situated on the Wildmere Road Industrial Estate located at Junction 11 of the M40.
Unit 1 IO Centre, Wildmere Road, Banbury, Oxfordshire, OX16 3TA
Type: Warehouse, Industrial, General Industrial, Industrial Park, Light Industrial, Storage
1 The I O Centre, Jugglers Close, Banbury, OX16 3TAGBBanburyOxfordshireOX16 3TA1, Jugglers Close
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
66 High Street comprise an impressive three storey Grade II Listed building which benefits from A2 Financial and Professional use. The premises benefit from central heating, a large courtyard/garden to the rear and the potential for the upper floors to be converted to residential use (subject to planning).
The ground floor and basement of the property is available on a new full repairing lease at a rental of £25,000 per annum exclusive of VAT and other outgoings and subject to contract. The upper floors can be included or let separately (terms to be discussed).
The Freehold of the whole property is available at offers in excess of £375,000.
The premises are situated within the pedestrianised area of the town centre close to Lloyds Bank, Tesco Express, Greggs Bakery and Savers all nearby. Banbury is situated at Junction 11 of the London to Birmingham M40. The town has a population of 42,000 and a catchment of approximately 290,000. Banbury is an expanding town with considerable new housing and commercial developments taking place.
66 High Street, Banbury, Oxon, OX16 5JJ
Type: General Retail, Retail - High Street, Retail
66 High Street, OX16 5JJGBBanburyOxfordshireOX16 5JJ66, High Street
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 £750,000 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
The Old Malt House, St. Johns Road, OX16 5HXGBBanburyOxfordshireOX16 5HXSt. Johns Road
An impressive detached stone family home currently run as a successful guest house.
Hanwell Fields is a popular established development on the Northern side of Banbury. There is an excellent range of local amenities, including public house, Indian restaurant, dentist, Co-op supermarket and thriving community centre. A bus service runs to and from the town centre. There is a primary school on the development and it is within the catchment area of the highly regarded North Oxfordshire Academy secondary school which is approximately 1 mile away. Banbury is easily accessible with a wide range of shops and facilities, including a newly opened Waitrose store, and provides easy access to the M40 and beyond.
Hanwell House is a fabulous five-bedroom detached residence, on the edge of the sought after development, overlooking playing fields and countryside. The current owners have run a successful bed & breakfast there for many years, with many repeat guests and favourable reviews (see website: www.hanwellhouse.com). It is however principally a fine family home with the added income potential if desired. Further details on the business available upon request.
The spacious entrance hall leads to a dual aspect sitting room, with French doors to the patio and garden. The dining room can be accessed from here, as well as the entrance hallway. The kitchen/breakfast room has a good range of built in units and appliances, including a gas range oven and full height fridge/freezer. A door leads to the rear garden. Completing the ground floor are a study and downstairs cloakroom.
On the first floor there are four bedrooms, two with ensuite shower rooms. Three of these are currently used for guest rooms. There is also a family bathroom. The second floor has the impressive master bedroom with dressing area and ensuite with roll top bath and walk in shower.
A south facing walled rear garden provides a fabulous place to relax and entertain, with a good size patio, a small pond and a tucked away storage shed. There is a double garage with two allocated parking spaces. The garages are leasehold (999 years).
The property is offered freehold with vacant possession upon completion.
Services & Council Tax
Mains water, electricity, gas and drainage are connected. None of the services, fittings or appliances, heating installations, plumbing or electrical systems have been tested by the selling agents. Cherwell District Council, Bodicote House, Banbury, OX15 4AA. T:01295 252535. Current Council Tax Band F.
From Banbury town centre, head along the Southam Road (A361/A423). After approximately 1� miles, at the roundabout, turn left along Dukes Meadow Drive. After the next roundabout the property will be found on the left hand side. Parking is accessed to the rear.
By strict appointment through selling agents, Fisher German LLP. Tel: 01295 271555. ( Agency Pilot Software Ref: 103409 )
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).
Unit 2 Canada Close, Banbury comprises a modern self-contained unit with offices and industrial/warehouse accommodation. The unit provides 6 parking spaces to the front of the premises.
The premises are situated in Canada Close just off the A361 Southam Road and Marley Way and forms part of the Canada Close Business Park, located approximately ¾ mile from Junction 11 of the M40 London to Birmingham Motorway.
Current surrounding occupiers on Marley Way and Canada Close include Halfords, B&Q, Ward-Hendry Photographers, Stabilus and Royce Lingerie.
For Sale The long leasehold of the property is available at £280,000 plus VAT which will be payable in addition.
Rent The unit is available on a new full repairing and insuring lease at a rental of £20,000 per annum exclusive of other outgoings and subject to contract.
2 Canada Close, Banbury, OX16 2RT
Type: Warehouse, Industrial, General Industrial, Light Industrial, Storage
2 Canada Close, OX16 2RTGBBanburyOxfordshireOX16 2RT2, Canada Close
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