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P1000215
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P1000235
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  • To Let
  • £50,000 pa
  • 60-62 Broad Street, Banbury, Oxfordshire, OX16 5BL
  • GROUND FLOOR COMMERCIAL UNIT

GROUND FLOOR COMMERCIAL UNIT

| January 26, 2020

Executive Summary

  • Up to 4,500 square feet (418.21 square metres) of ground floor A1/A2/A3/B1/D1/D2 (STPP) space available
  • Forming part of a major redevelopment of an iconic building in the heart of Banbury town centre
  • Potential to split the ground floor (STPP)
  • To be offered in shell and core condition
  • For Sale or To Let

Location
The property is located in the picturesque historic market town of Banbury, in a prime position just off the high street, and within the main retail and leisure area of the town. Banbury is situated 64 miles northwest of London and 21 miles north of Oxford. Banbury station is approximately 0.4 miles away providing a regular train service into London. The journey time to Marylebone station can be as short as 1 hour. Nearby occupiers include Barclays Bank, Papa John’s Pizza, Lloyds Bank, Ladbrokes and British Heart Foundation.

Description
The property forms part of a major redevelopment of an iconic building in the heart of Banbury town centre. The building is arranged over four floors, with commercial use on the ground floor and residential use over the upper floors. The upper parts have been arranged to provide 12 luxury apartments.

The ground floor has an approximate gross internal area of 4,500 square feet (418.06 square metres). We understand that the property is currently consented for retail use under planning application 16/02529/F. However, the property would lend itself well to alternative uses such as A2/A3/B1/ D1/D2, subject to appropriate consents being obtained. There is a secondary frontage to Pepper Alley which allows for the unit to be split (STPP). The property is to be offered in shell and core condition.

Please note all sizes given are approximate only. All interested parties are advised to carry out their own measured survey. Any planning enquiries can be raised with Cherwell District Council planning department.

Business Rates
The property is to be re-rated. All interested parties are advised to enquire with Cherwell District Council business rates department on 01295 227000.

Terms
The property is available either to let or for sale. The property is available with a new lease at £50,000 per annum with further terms to be agreed. Alternatively, the long leasehold interest can be bought for £575,000.

All negotiations are strictly subject to contract.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.