ADDRESS38 The Green , South Bar Street, Banbury, Oxfordshire, OX16 9AE
TYPEOther, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON27th February 2025
Description
OFFICE INVESTMENT FOR SALE
38 The Green comprises 6 ground, first and second floor office suites with communal front entrance and hallway and rear access to car parking. The suites are in the main small self contained offices which are attractive in the market more so than large self contained offices. Furthermore, the property comprises:
* Carpeted / tile / laminate flooring * Electric heating * LED lighting * Car parking spaces * Public car parking available close by to the front of the building
Whilst the premises is currently split into 6 office suites there is potential for alternative uses such as residential redevelopment (stp) when vacant possession is available.
Location
Banbury is the main North Oxfordshire centre for commerce and industry, it lies approximately 2 miles from Junction 11 of the London to Birmingham M40 Motorway.
Banbury has a current population of 54,000 and a catchment area of 256,000 living within a 30 minute drive. 38, The Green is located on South Bar, the main professional business area in Banbury. It is within easy walking distance of the town centre.
Gross Income £55,085 p.a. Fully occupied income of £66,210 p.a.
Gross Initial Yield 8.48% rising to 10.18%
Potential for Conversion to Residential Use
EPC Rating C ( Agency Pilot Software ref: 440350 )
