About this property

Detailed Description

The building is constructed around a steel frame with 2 bays of cavity/blockwork elevations under a pitched roof which is to be completely renewed. To the front of the property is a 2-storey brick built office block which will incorporate new double glazed window units. The property benefits from palisade fencing to its perimeter with good security provision. 21 car parking spaces. EPC rating of C.

Location

Banbury is the main North Oxfordshire centre for commerce and industry. Unit 4 is prominently located immediately adjacent to the main estate road and on the corner of Beaumont Road and Beaumont Close. Junction 11 of the M40 motorway is within easy reach being approximately 1.5 miles away and likewise the Banbury town centre and mail line rail station approximately 1 mile away. Both London and Birmingham can be reached by rail within about 53 minutes.

Accommodation

Warehouse - 816.87 sq m 8,793 sq ft
Offices - 188.73 sq m 2,010 sq ft
Mezzanine - 92.90 sq m 1,000 sq ft
Gross Internal Area - 11,803 sq ft

Business Rates

Unit 4 has a rateable value of £57,000 and therefore we estimate that the business rates payable will be £31,500.

Services

We understand that all main services are available. We have not carried out tests on any of the services or appliances and interested parties should arrange their own tests to ensure these are in working order.

Viewing

Strictly by appointment with the Letting Agent.

VAT

We are advised that VAT is applicable.

Legal Costs

Each party will be responsible for their own legal costs incurred in documenting the letting.

Other

Rent
£95,000 per annum plus VAT payable quarterly in advance.

Terms

A new fully repairing and insuring lease will be offered for a term to be agreed by negotiation.