81 / 82 High Street Banbury Oxfordshire OX16 5JG

81 / 82 High Street
Banbury
Oxfordshire
OX16 5JG

Freehold Retail Investment with Development Potential

Part let to Scope until 2024 (subject to option)
Planning permission granted for four residential flats on upper floors at 82 High Street
Prominent pedestrianised location in historic and popular market town
Close to Castle Quay Shopping Centre
Nearby occupiers include Marks & Spencer, Debenhams, H&M, Next, WH Smith, Boots the Chemist, McDonald’s and Caffè Nero
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
50
Auction
13th October 2016
Rent
£32,500 per Annum Exclusive
Status
Sold
Price
£471,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund Manager

Important Update Interested?

Expand
Photos
Map

Freehold Retail Investment with Development Potential

Part let to Scope until 2024 (subject to option)
Planning permission granted for four residential flats on upper floors at 82 High Street
Prominent pedestrianised location in historic and popular market town
Close to Castle Quay Shopping Centre
Nearby occupiers include Marks & Spencer, Debenhams, H&M, Next, WH Smith, Boots the Chemist, McDonald’s and Caffè Nero
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 50
Auction 13th October 2016
Rent £32,500 per Annum Exclusive
Status Sold
Price £471,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of a Major Fund Manager

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 north side of the pedestrianised High Street in close proximity to Market Place and a public car park to the rear. The property is a short distance from 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

Tenure

Freehold.

Description

The property comprises two ground floor retail units with selfcontained ancillary accommodation on the first, second and third floors accessed from Butcher Row. Please note that the upper floors of 82 High Street have been stripped to a shell condition. The property benefits from being situated on a pedestrian cut through between Market Place and the High Street. Additionally No. 82 benefits from customer entrances to the High Street and Market Place. The property is situated within a conservation area and is Grade II listed.

VAT

VAT is applicable to this lot.

Planning

Planning permission was granted on 14/01/2014 for the conversion of first, second and third floors of 82 High Street for four residential flats. For further information please visit cherwell.gov.uk Reference: 01/01/013381F.

EPC

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

Description

VAT

VAT is applicable to this lot.

Planning

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
81	Ground First Second Third	Retail/Ancillary Ancillary Ancillary Ancillary	19.31 sq m 18.15 sq m 19.32 sq m 19.80 sq m	(208 sq ft) (195 sq ft) (208 sq ft) (213 sq ft)	INDIVIDUALS (t/a Baguette 81) (1)	15 years from 29/09/2011 (2)	£12,500	29/09/2016 29/09/2021 (28/09/2026)
82	Ground	Retail/Ancillary	100.33 sq m	(1,080 sq ft)	SCOPE (3)	10 years from 12/02/2014 (4)	£20,000	12/02/2019 (11/02/2024)
82	First Second Third	Ancillary Ancillary Ancillary	129.55 sq m 59.53 sq m 43.43 sq m	(1,395 sq ft) (641 sq ft) (467 sq ft)	VACANT
Totals			409.42 sq m	(4,407 sq ft)			£32,500

(1) Baguette 81 have been trading from the unit since 2011.
(2) Scope was formed in 1952 and is committed to helping the lives of disabled people throughout the UK. Scope currently have over 230 high street shops in England and Wales (Source: www.scope.org.uk).
(3) The lease is subject to a tenant option to determine on 12th February 2019.