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Shops for sale in Banbury, Oxfordshire

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For SalePOA
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For RentROA
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The property has just been redeveloped to provide three ground floor shops with apartments above. Each shop has its own toilet and kitchenette with separate services. There is a shared courtyard at the back with bin store and separate access for bins and servicing.
One of the shops is already let. Two shops are available to lease or for sale with these approximate floor areas:
3 Parsons Street: 566 sq ft
3a Parsons Street: 854 sq ft
Town Centre Shops for Sale or Lease
Type: General Retail, Retail - High Street, Office, Retail, Offices
Location: 3 and 3a Parsons Street, Banbury, OX16 5LW
Size: 566 - 854 Sq Ft
Images: 2
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For SalePOA
New
Banbury is situated at Junction 11 of the London to Birmingham M40. The town has a population of 42,000, a catchment of approximately 290,000 and is an expanding town with considerable new housing and commercial development taking place.  The property, Banbury’s ex Post Office is located in a central position on the High Street close to the pedestrianised area of the town and Tesco Express.

The property currently comprises a Grade II Listed three storey building fronting the high street with ground floor retail/office accommodation. Upper floors are separately accessed and used for offices/storage together with a number of single storey offices and stores to the rear including an enclosed yard area. The existing on site accommodation comprises some 4,985 sq ft (462.9 sq m) all situated on a site of approximately 526 sq m.

Our client is willing to discuss the potential sale of the whole of the building; an appropriate part or consider a joint venture of the development of the site. Offers from prospective parties are invited accordingly.

The property provides an opportunity for conversion/redevelopment likely to incorporate a conversion of the existing 3 storey building and new development of the rear site to provide up to 9 flats totalling some 6,952 sq ft (645.85 sq m). Full plans are available of the existing accommodation and the development proposal. Our client is making a pre-planning application enquiry on this basis.
57-58 High Street, Banbury, Oxon, Ox16 5JJ
Type: Retail, Offices, Office, General Retail, Retail - High Street
Location: 57-58 High Street, Banbury, OX16 5JJ
Size: 4985 Sq Ft
Images: 5
Brochures: 1
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For SalePOA
The property occupies a prominent corner position at the junction of High Street and Broad Street in Banbury town centre. It forms part of a busy pedestrian route linking the town centre, Market Square and Castle Quay Shopping Centre.

Other occupiers in close proximity include:
Robert Dyas, Barclays Bank, Coventry Building Society, Café Nero, The White Stuff and Nat West

This property is ranged over 4 storeys to the front and 2 to the rear providing ground floor sales with first floor staff /storage and ancillary accommodation over second and third floors.

The property provides the following approximate net internal floor areas:

Ground Floor Sales               1229 sq ft       114.18 sqm
First Floor Storage                1039 sq ft         96.53 sqm
Second Floor Ancillary            367 sq ft         34.10 sqm
Third Floor Ancillary                442 sq ft          41.10 sqm

Total Floor Area:                    3077 sq ft       285.86 sqm                  

The Tenant is Shoezone Retail Limited (Company Number 148038). For the year ending 30/3/2017 Shoezone Retail ltd reported a pre-tax profit of £9,670,000 with shareholders’ funds of £31,696,000.

The property is held by way of a 5 year FRI lease from 31/3/17 at £22,000 per annum expiring 30/3/22.

We are instructed to seek offers in excess of £325,000 exc VAT (if applicable) subject to contract, reflecting a Net Initial Yield of 6.5 % assuming acquisition costs of say 4.0%
Investment Opportunity - 1 Hight Street Banbury
Type: Retail
Location: 1 Main Road, Banbury, OX15 5DZ
Size: 3077 Sq Ft
Images: 1
Brochures: 1
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