TENURETo Let, For Sale Freehold, For Sale Leasehold
POSTED ON10th September 2021
Located on Banbury Business ParkExcellent access to both junctions 10 and 11 of the M40.14 car parking spacesSelf-contained ground and first floor office building LocationBanbury is the principal commercial and administrative centre of north Oxfordshire, being located at Junction 11 of the M40 motorway (London to Birmingham). The property is located on the popular Banbury Business Park which is located three miles south of Banbury on the edge of the attractive village of Adderbury with excellent access to both junctions 10 and 11 of the M40.DescriptionThe premises comprise an end of terrace self-contained ground and first floor office building which benefits from air conditioning and separate male and female WCs and kitchen facilities.Car ParkingThe unit benefits from 14 car parking spaces.EPC RatingThe EPC rating for Unit 3 is D – 99TermsThe premises are available either on a new 5 or 10 year lease at a rent as per the table above or via assignment of the existing lease of which expires in 2020 at a rental of £32,188 per annum exclusive.Rental / PriceTo let - £32,887 per annumFor sale - £435,000Service ChargeA service charge in respect of the repairs, maintenance and cleaning of the shared areas is payable. The charge for Unit 5 is £3,922.00 per annum.Business RatesThe 2017 rateable value for Unit 5 is £30,750.VATVAT is payable in addition to all figures quoted.Legal CostsEach party will be responsible for their own legal costs.