6 Market Place Banbury Oxfordshire OX16 5LG

6 Market Place
Banbury
Oxfordshire
OX16 5LG

Freehold Retail Investment

  • Let to PS Ponting Limited t/a Pontings Residential Lettings until 2023 (subject to options)
  • Well located in historic and popular market town
  • Opposite Castle Quay Shopping Centre
  • Nearby occupiers include Marks & Spencer, Debenhams, H&M, Next, WH Smith, Boots the Chemist, McDonald’s and Caffe Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    3
  • Auction
    13th October 2016
  • Rent
    £12,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £146,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners - Deloitte
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to PS Ponting Limited t/a Pontings Residential Lettings until 2023 (subject to options)
  • Well located in historic and popular market town
  • Opposite Castle Quay Shopping Centre
  • Nearby occupiers include Marks & Spencer, Debenhams, H&M, Next, WH Smith, Boots the Chemist, McDonald’s and Caffe Nero
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 3
  • Auction 13th October 2016
  • Rent
  • Status Sold
  • Price £146,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners - Deloitte

Property Information

Location
Miles
23 miles north of Oxford ,40 miles south-east of Birmingham, 65 miles north-west of London
Roads
A422, A423, M40 (Junction 11)
Rail
Banbury Railway Station
Air
Birmingham International Airport
Situation

Banbury is a historic and popular Oxfordshire market town which lies just off the M40 between London and Birmingham. The property is prominently situated on the south side of Market Place close to its junction with the pedestrianised High Street and Bridge Street. The property is situated opposite Castle Quay Shopping Centre which houses retailers including Marks & Spencer, Debenhams, H&M, Next, WH Smith and Boots the Chemist. Other nearby occupiers include McDonald's, Poundland, Mothercare, Tony & Guy and Caffè Nero.

Tenure

Freehold.

Location
Miles
23 miles north of Oxford ,40 miles south-east of Birmingham, 65 miles north-west of London
Roads
A422, A423, M40 (Junction 11)
Rail
Banbury Railway Station
Air
Birmingham International Airport
Situation

Banbury is a historic and popular Oxfordshire market town which lies just off the M40 between London and Birmingham. The property is prominently situated on the south side of Market Place close to its junction with the pedestrianised High Street and Bridge Street. The property is situated opposite Castle Quay Shopping Centre which houses retailers including Marks & Spencer, Debenhams, H&M, Next, WH Smith and Boots the Chemist. Other nearby occupiers include McDonald's, Poundland, Mothercare, Tony & Guy and Caffè Nero.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement, first, second and third floors.

NB. The adjoining properties 5, 7, 8 Market Place and 88c/89 & 90/91 High Street are to be offered in this catalogue.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement, first, second and third floors.

NB. The adjoining properties 5, 7, 8 Market Place and 88c/89 & 90/91 High Street are to be offered in this catalogue.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Completion Period

Six Week Completion

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 Review/(Reversion)
Ground
Basement
First
Second
Third
Retail/Ancillary
Ancillary
Ancillary
Ancillary
Ancillary
32.42 sq m
33.56 sq m
26.05 sq m
29.10 sq m
33.95 sq m
(349 sq ft)
(361 sq ft)
(280 sq ft)
(313 sq ft)
(365 sq ft)
PS PONTING LIMITED t/a Pontings Residential Lettings 9 years from 01/12/2014
on a full repairing and
insuring lease (1)
£12,500 01/12/2017
(30/11/2023)
Totals   155.08 sq m (1,668 sq ft)     £12,500  

(1) The lease is subject to a schedule of condition and tenant options to determine on 30th November 2017 and 30th November 2020, subject to six months’ prior notice.

Property Documents

  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    637 KB
    View PDF
  • Site Plan
    Updated Date
    12.11.19
    File Size
    84 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

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade, Abbey square
Reading
Rg1 3BE
Sarah Fitzpatrick 020 7071 7323sarah.fitzpatrick@olswang.com

Useful Links

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

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