8 High Street, Banbury, OX16 5DZ

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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, Michael Jones Jewellers and White Stuff.

ACCOMMODATION
The property provides a ground shop with ground floor back of house, kitchenette, and WC.
Ground Floor Net Area: 173.17 sq m 1,864 sq ft
Ground Floor Store: 8.80 sq m 95 sq ft
Total Area: 181.97 sq m 1,959 sq ft

BUSINESS RATES
The Rateable Value of the property is £24,250.
The premises are subject to a small Levy to the Banbury BID. The BID is a business organisation where funds collected are used for a range of initiatives to support the town centre. https://banburybid.com/ The charge is calculated at 1.50% of the Rateable Value and would be just £364 each year.

LEASE
A new full repairing and insuring lease is available for a term of years to be agreed.

RENT
The rent shall be £20,000 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.