About this property

Detailed Description

A two storey end of terrace office building which was built in the early 1990's and in 2023 the property was refurbished to provide 3 individual office suites, together with kitchen facilities serving both ground and first floors.

The ground floor and first floor rear suites are currently both vacant with the first floor front suite currently leased to Fat Panda First Aid Training Limited on a 3 year lease at a rent of £9,850 per annum exclusive, expiring March 2026.

The whole building has 15 allocated car parking spaces, with current tenant 'Fat Panda' occupying 4 of these spaces.

Location

Banbury is the principal commercial and administrative centre of north Oxfordshire, being located at Junction 11 of the M40 motorway (London to Birmingham) and is rapidly expanding town with a population of 54,335 (census 2021) and a District population of approximately 160,000. .

The property is located on the popular Banbury Business Park which is located three miles south of Banbury on the edge of the attractive village of Adderbury with excellent access to both junctions 10 (7 miles) and Junction 11 (6.5 miles) of the London to Birmingham M40 motorway.

Accommodation

Areas measured in accordance with International Property Measurement Standards.

see brochure

Business Rates

The Rateable Values are as follows:

Ground floor - £22,500
First floor front - £13,000
First floor Rear - £8,000

Services

We understand that all main services are provided to the property excluding gas. None of the above services have been tested by the agents.

Viewing

Please contact the joint agents:
Tel: 01295 220210
Email: tim.humphrey@Brown-co.com

chris@whitecommercial.co.uk
harvey@whitecommercial.co.uk or

VAT

We are advised that VAT will be chargeable in addition to the purchase price.

Legal Costs

Each party will be responsible for their own legal costs.

Other

SERVICE CHARGE & BUILDINGS INSURANCE
There is a service charge payable in connection with the wider estate, the costs of which is £3,207.48 and the buildings insurance premium at £1,301.35. Full details and a copy of the budget and current building apportionment is available upon request.

Terms

The property is available on a virtual freehold basis (the long-leasehold interest having 972 years remaining at the time of writing) with offers invited in the region of £425,000.