About this property

Detailed Description

The MXL Centre is the result of the good quality build in the mid 1990's and it comprises a steel portal frame building under a pitched profile steel roof with roof lights. The front elevation is of brick and block work with full height glazing to ground and first floor offices. More particularly the property features the following:

Ground floor reception officesand first floor offices
Full height overhead loading door 5m x 4m
Three phase electricity
Good parking provision and loading with the yard fronting the building
Eaves height 6.1m
Good access to J11 M40 approximately 1 mile

N.B. The current occupiers have installed a mezzanine floor which can be made available by negotiation or removed. There is an extension of the original offices which has allowed for kitchen and breakout facilities and some additional office space. Whilst this space is also not original it was in place when the current occupier moved in and we believe this forms part of the landlords fitment.

Location

Banbury lies at Junction 11 just off the London to Birmingham M40 motorway and is the main North Oxfordshire centre for commerce and industry. It has a population approaching 52,000 with a catchment of approximately 160,000.

Banbury is undergoing significant residential and commercial growth and Unit 3 is situated on the MXL Centre on Lombard Way within approximately 1 mile of Junction 11 of the M40.

In addition to the excellent road communications there are fast mainline rail services from Banbury Station to London Marylebone and Birmingham both of which can be reached within approximately 50 minutes. Heathrow airport is approximately 65 miles away and Birmingham International 40 miles.

Accomodation

The property has the following (approximate) gross internal floor area.

Unit 3
Ground floor warehouse & offices - 829.70 sqm / 8,931 sq ft
First floor offices - 358.48 sq m / 3,858 sq ft
Total GIA - 1,188.18 sq m / 12,789 sq ft

N.B. Mezzanine storage floor 4,375 sq ft which could be made available by agreement.

Business Rates

Unit 3 is currently Rated within Unit 4 and has not yet been separately Rated.

Services

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order. We are advised that all mains services are available including 3 phase electricity.

Viewing

Strictly by appointment with the Letting Agent.

VAT

It is understood that VAT is chargeable on the rental and service charge.

Legal Costs

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

Terms

Our clients are offering this property by way of assignment of the existing lease which expires 21st December 2028 without further review of rent. The rent was last reviewed 2nd March 2023 to £82,361.90 which equates to a lowly £6.44 psf as currently configured.