THE LOCATION: BICESTER
Bicester is at the forefront of the UK's growth plan with excellent infrastructure and land supply - enabling rapid expansion. The current population is 32,000 persons which by 2031 is set to increase to 50,000 (Cherwell District Council).
The town has easy access to both Junction 9 and 10 of the M40 as well as to the A43 and A34.
Bicester has two mainline railway stations providing a fast and reliable service via Chiltern Rail to London, Birmingham and Oxford. Bicester is also one of the stops on the route of East West Rail, which will link Oxford with Cambridge via Milton Keynes.
THE PROPERTY
The property commands one of the best positions in the town centre, on the corner of Sheep Street and Market Square. It is one double-height storey high at its southern end (over the entrance and former banking hall).
Located on a corner plot the principal elevations face east and south, either side of the central main entrance into the building. There is scope for an additional main entrance to be added and opportunity for plenty of external seating (subject to local authority consents).
The facade of the building is finished at ground floor with carved stone and brickwork with white painted timber framed windows. There is a rounded turret to the front corner. The property offering fantastic potential for a high profile and prominent occupier.
ACCOMMODATION
It is a former bank, suitable for a variety of uses, comprising the following dimensions and areas.
Frontage to Sheep Street: 23 metres / 75 ft
Frontage to Market Square: 11 metres / 36 ft
Floor to Ceiling Height (max): 5.14 metres / 17 ft
Ground Floor Retail:
Net Internal: 1,062 sq ft
Gross Internal 1,884 sq ft
Ground Floor Ancillary:
Net Internal 694 sq ft
First Floor
Net Internal 257 sq ft
Gross Internal 734 sq ft
Basement:
Net Internal 77 sq ft
Gross Internal 101 sq ft
Total:
Net Internal 2,090 sq ft
Gross Internal 2,719 sq ft
The WCs and staff room are at first floor. Mains electric and gas is available.
A plan with dimensions is available.
The property falls within the town Conservation Area but it is not listed.
PLANNING
The property has been a banking hall for many years and the property now falls within Class E of the updated Use Class Order, suitable for a variety of uses including retail, office, medical, leisure and professional services.
RENT
£45,000 p.a. exclusive. The current freeholder does not charge VAT.
LEASE
A new lease is available.
BUSINESS RATES
The Rateable Value for the property is £30,500 (effective April 2023). This is not the rates payable. The rates payable (2023/24) is limited by virtue of Retail and Hospitality Relief.
Further Information
Is available from Neil Wild
Tel: 01869 814 400
E: neil@wild-property.co.uk
www.wild-property.co.uk
or from our joint agents
Stimpsons Eves
