About this property

Detailed Description

18, 19-20 Church Lane is well located in Banbury Town Centre and comprises 2 ground floor retail units and a first floor storage room/area. Both retail units have glazed shop frontages and comprise retail area with separate pedestrian access ancillary kitchen/storage area and a wc. A first-floor storage area with its own separate pedestrian access and has potential for conversion to residential use (STP). This is demonstated on the indicative plans attached.

Furthermore, the property comprises:

Separate pedestrianised accesses
Open plan retail space
Potential for alternative uses
Income generating investment

Location

Banbury is the main North Oxfordshire centre for commerce and industry, it lies approximately 2 miles from Junction 11 of the London to Birmingham M40 Motorway. Banbury has a current population of 54,000 and a catchment area of 256,000 living within a 30 minute drive.

Church Lane is a busy pedestrianised retail area linking Parsons Street and the High Street, forming part of Banbury 'Old Town'.

Accommodation

The property has the following (approximate) net internal floor area:

Unit 18 - 18.70 sq ft / 201 sq ft
Unit 19-20 - 33.44 sq m / 360 sq ft
First floor (extends over Unit 18) - 52.43 / 564

Business Rates

The current Rateable Value for 18 Church Lane is £4,000 and 19-20 Church Lane is £8,200.

Services

We understand that the property is connected to mains electricity, water and sewerage. 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.

Viewing

Strictly by appointment with the Selling Agent.

VAT

It is understood that VAT is not applicable.

Legal Costs

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

Terms

& Income.
The property is offered for Sale with a guide price in the region of £245,000. May let the retail unit 19-20 Church Lane. 18 Church Lane is currently generating an income of £5,000 per annum. A copy of the lease for 18 Church Lane will be made available to verified applicants on a confidential basis.