Banbury, OX16 5LA
| Property Type | Investment / Retail |
| Tenure | For Sale |
| Size | 3,127 sq ft |
| Price | Offers in the region of £400,000 |
| Business Rates | £5.13 per sq ft |
| Service Charge | n/a |
| Energy Performance Rating | This property has been graded as D (99) |
2x two-storey adjoining retail units which are fully let on separate leases. The units comprise ground floor retail areas with clinical/office/welfare space to first floors. There is an element of ‘flying freehold’ to first floor. The properties are being sold in combination subject to the leases held.
47 High Street is let to Roundford Limited on a lease term of 10 years from 01/07/2019 at a rent of £18,500 per annum. 48-48a High Street is let to Youdix Ltd on a lease term of 20 years from 25/11/2024 with a break at 25/11/2028. Rent £17,500 per annum. Full lease details are available from White Commercial.
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
|---|---|---|---|
| Building - 47 | 1,791 | 166.39 | Available |
| Building - 48-48a | 1,336 | 124.12 | Available |
| Total | 3,127 | 290.51 |
Banbury is situated at Junction 11 of the London to Birmingham M40 Motorway and is a rapidly expanding town, with a population approaching 55,000 (2021 census) and an estimated catchment population of approximately 256,000.
The premises are situated on Banbury High Street and within sight of the famous ‘Banbury Cross’. Surrounding occupiers include Tesco Express, Anker and Partners, Cash Converters and Finders Keepers, among many others.
