21 High Street Banbury Oxfordshire OX16 5EG

21 High Street
Banbury
Oxfordshire
OX16 5EG

Freehold Restaurant/Residential Investment

  • Retail let to Loungers Limited (51 Branches) until 2025 (no breaks)
  • Includes 2 x two bedroom flats
  • Town Centre location
  • Nearby occupiers include Moss Bros, Greggs, Tesco Express, Kudos and a number Banks/Building Societies
  • Lot
    55
  • Auction
    23rd October 2014
  • Rent
    £36,900 per Annum Exclusive
  • Status
    Sold
  • Price
    £525,000
  • Sector
    Restaurant
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
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* More information on the term "guide" can be found here

Freehold Restaurant/Residential Investment

  • Retail let to Loungers Limited (51 Branches) until 2025 (no breaks)
  • Includes 2 x two bedroom flats
  • Town Centre location
  • Nearby occupiers include Moss Bros, Greggs, Tesco Express, Kudos and a number Banks/Building Societies
  • Lot 55
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £525,000
  • Sector
    Restaurant
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
64 miles north-west of London 38 miles south-east of Birmingham 21 miles north of Oxford
Roads
A422, A423, M40
Rail
Banbury Railway Station
Air
Luton Airport
Situation

The property is prominently situated on the south side of High Street, at the corner of Albert Street and George Street, and opposite the pedestrianised retail area. Neighbouring occupiers include Moss Bros, Greggs, Tesco Express, Kudos and a number of Banks/Building Societies.

Tenure

Freehold.

Location
Miles
64 miles north-west of London 38 miles south-east of Birmingham 21 miles north of Oxford
Roads
A422, A423, M40
Rail
Banbury Railway Station
Air
Luton Airport
Situation

The property is prominently situated on the south side of High Street, at the corner of Albert Street and George Street, and opposite the pedestrianised retail area. Neighbouring occupiers include Moss Bros, Greggs, Tesco Express, Kudos and a number of Banks/Building Societies.

Tenure

Freehold.

Description

The property comprises a ground floor restaurant/bar unit with self-contained flats each arranged on first and second floors, each comprising 2 bedrooms, a large lounge and a kitchen. The flats are accessed separately from Albert Street and High Street.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor restaurant/bar unit with self-contained flats each arranged on first and second floors, each comprising 2 bedrooms, a large lounge and a kitchen. The flats are accessed separately from Albert Street and High Street.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground Restaurant/Bar
252.20 sq m
(2,715 sq ft)
LOUNGERS LIMITED t/a Pinto Lounge (1) 15 years from 05/08/2010 until 2025 on a full repairing and insuring lease £30,000 05/08/2015 and 5 yearly
First &
Second
Residential
2 Bedrooms, Large Lounge
and Kitchen
INDIVIDUAL AST for 6 months from 26/08/2014 £6,900  
First &
Second
Residential
2 Bedrooms, Large Lounge
and Kitchen
VACANT POSSESSION      
Totals
252.20 sq m
(2,715 sq ft)
    £36,900 with 1 flat to be let

(1) For the year ending 28th April 2013, Loungers Limited reported a turnover of £22,148,754, pre-tax profits of £1,053,397 and a total net worth of £2,115,516. (Source: riskdisk.com 03/06/2014)

Property Documents

  • Site Plan
    Updated Date
    01.10.14
    File Size
    96 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    659 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
High View Estates 2/8 Scrutton Street
London
EC2A 4RT
Alex Klemin 0207 247 1513alex@highviewestates.co.uk
Seller's Solicitors
Hoffman-Bokaei Solicitors Suite 2, Exhibition House, Addison Bridge Place, Hammersmith Road
London
W14 8XP
Brian Hoffman 020 7433 2380bh@hoffman-bokaei.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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