About this property

Detailed Description

33-34 High Street & 67-69 Calthorpe Street is well located in the heart of Banbury Town Centre. 67-69 Calthorpe Street was formerly occupied by Pizza Hut but the property is now let as a whole to Food Plus (an International Supermarket) which is accessed off the main High Street. The first floor comprises office and storage areas with wc's. There is potential for conversion to residential use (STP). The property has the following features:

* Dual frontage and access
* Open plan retail space
* Former takeaway premises
* Potential for alternative uses
* Income generating investments

Location

Banbury is the main North Oxfordshire centre for commerce and industry benefitting from excellent communication links via Junction 11 of the London to Birmingham M40 Motorway. Rail link London Marylebone provides a journey time of 53 minutes. Banbury has a current population of 54,000 and a catchment area of 256,000 living within a 30 minute drive.

Calthorpe Street is located off the main High Street which provides the main throughfare for traffic flowing around the town centre. The property can be accessed by two mains entrance doors one leading from High Street and one leading from Calthorpe Street, there is also a separate personnel access door off Calthorpe Street.

Accommodation

The property comprises 2 ground floor retail areas, stairs leading to first floor office and storage areas with wc's. The property has the following (approximate) net internal floor areas taken from VOA:

33-34 High Street m2 ft2
Ground floor 174.50 1878
First floor 92.40 994

67-69 Calthorpe Street
Ground floor 55.30 595
First floor 55.10 588

Business Rates

Business rates is the responsibility of the occupier/tenant. The Rateable Value of 33-34 High Street is £23,000; the Rateable Value of 67 Calthorpe Street is £16,750.

Services

Mains water, electricity and drainage are connected. 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

TERMS & INCOME
The gross total income as at the date of the particulars is £35,200 per annum. The freehold is available for sale with a guide price of £475,000.

The premises is let via two leases for each element of the building albeit to the same party. Copies of the leases and other information will be made available to seriously interested parties on a confidential basis subject to initial verification.