LOCATION Banbury is a busy and growing commercial centre in North Oxfordshire with a population approaching 50,000. It has excellent communication links which is helping fuel its growth situated on the M40 and with fast rail links to London and Birmingham. The town centre is full of historic buildings with a range of shops both national and independent, professional services and a strong hospitality sector. The Council's purchase of the shopping centre and the development of a new leisure scheme opening in 2021/22 adjacent to the canal will provide a further boost for the town. Banbury is popular for town centre living with a number of conversion or new build schemes having taken place for apartments increasing the town's residents.
The property is situated on a busy pedestrianised part of the High Street close to Café Nero and White Stuff.
ACCOMMODATION The property provides a small ground floor lock up shop with ground floor back of house, kitchenette, and WC.
The property forms part of a larger Grade II* Listed Building.
Gross Frontage to High Street: 4.60 metres / 15 ft Internal Width: 4.50 metres / 14 ft 9 ins Shop Depth: 4.40 metres / 14 ft 5 ins Ground Floor Net Area: 19.30 sq m / 208 sq ft Ground Floor Store: 10.64 sq m / 115 sq ft Total Area: 29.94 sq m / 323 sq ft
BUSINESS RATES The Rateable Value of the property is £7,100 meaning it is within the threshold for Small Business Rates Relief. A qualifying business would not be liable for payment of any business rates. Full details can be found on the Cherwell District Council website.
The premises are subject to a small Levy to the Banbury BID. The BID is a newly formed business organisation where funds collected are used for a range of initiatives to support the town centre. The charge is calculated at 1.50% of the Rateable Value and would be just £107 each year.
LEASE A new full repairing and insuring lease is available for a term of years to be agreed.
RENT The rent to be £10,000 p.a. exclusive. The landlord charges VAT.
VIEWINGS Viewings must be carried out by arrangement and we would encourage anyone interested in viewing the property to first discuss their requirement with us to ensure the property is likely to be suitable.
86 High Street, Banbury, OX16 5JEGBOxfordshireOX16 5JEHigh Street