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.
The property is located in the “Old Town” are of Banbury, on the eastern side of Church Lane. The premises are situated within a busy pedestrianised and well established retail area running between the High Street and Parsons Street. Surrounding occupiers include Chandlers, Steve Betts Butchers, Old Town Ale & Cider House micro pub and Lawrence Anthony Hairdressers.
The property comprises a self-contained ‘lock up’ ground floor retail unit which is available to let. There is a separate WC. The whole building is available to purchase on a freehold basis, subject to the long leasehold interest of the first floor residential flat which is held on a 999-year lease and is responsible to contribute 50% of costs towards building insurance and external building maintenance.