Immediately adjacent to the major 80+ unit Castle Quay Shopping Centre
Let to Surrey Pubs and Inns Ltd until 2027
Neighbouring occupiers include Marks & Spencer, Superdrug, NatWest Bank, McDonald’s and Sports Direct
Lot 62
Auction 7th December 2017
Rent £67,000 per Annum Exclusive
Status Sold
Price £795,000
Sector Public House
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
23 miles north of Oxford, 60 miles north-west of London, 18 miles south-east of Stratford upon Avon
Roads
A361, A422, M40
Rail
Banbury Railway Station
Air
Birmingham Airport, London Luton Airport
Situation
Banbury is an attractive Oxfordshire market town some 64 miles north-west of London. The property is situated on the north side of the busy Bridge Road, immediately adjacent to Marks & Spencer and is adjacent to the main entrance to the major 80+ unit Castle Quay Shopping Centre, which has full planning consent to extend the shopping centre to include cinemas, a 117 bedroom hotel and restaurants and an additional 240 space car park. The plans include extending the opening hours of the shopping centre into the late evening. Nearby occupiers include Superdrug, NatWest Bank, McDonald's and Sports Direct.
Tenure
Freehold.
Location
Miles
23 miles north of Oxford, 60 miles north-west of London, 18 miles south-east of Stratford upon Avon
Roads
A361, A422, M40
Rail
Banbury Railway Station
Air
Birmingham Airport, London Luton Airport
Situation
Banbury is an attractive Oxfordshire market town some 64 miles north-west of London. The property is situated on the north side of the busy Bridge Road, immediately adjacent to Marks & Spencer and is adjacent to the main entrance to the major 80+ unit Castle Quay Shopping Centre, which has full planning consent to extend the shopping centre to include cinemas, a 117 bedroom hotel and restaurants and an additional 240 space car park. The plans include extending the opening hours of the shopping centre into the late evening. Nearby occupiers include Superdrug, NatWest Bank, McDonald's and Sports Direct.
Tenure
Freehold.
Description
The property comprises an attractive public house building, comprising public house accommodation on the ground floor with self-contained residential accommodation on the upper floors. The property benefits from a beer garden at the front of the property.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an attractive public house building, comprising public house accommodation on the ground floor with self-contained residential accommodation on the upper floors. The property benefits from a beer garden at the front of the property.
VAT
VAT is applicable to this lot.
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
Reversion
Ground First Forecourt
Public House Residential Beer Garden
289 sq m 199 sq m 147 sq m
(3,110 sq ft) (2,413 sq ft) (1,585 sq ft)
SURREY PUBS AND INNS LTD
40 years from 25/03/1987 on a full repairing and insuring lease
