Banbury Oxfordshire, OX16

Keypoints:
* Gross income £35,200
* Gross initial yield 6.5%
* Potential residential use on the first floor (STP)
* EPC Rating B-C.
* Size (Approximately): 2,976 sq ft

Location:
Banbury, a key commercial hub in North Oxfordshire, benefits from excellent transport links, including Junction 11 of the M40 and a 53-minute rail connection to London Marylebone. With a population of 54,000 and a catchment area of 256,000 within a 30-minute drive, it is a thriving town.

Property:
33-34 High Street & 67-69 Calthorpe Street are centrally located in Banbury, with dual access from both the High Street and Calthorpe Street. Formerly occupied by Pizza Hut, 67-69 Calthorpe Street is now let to Food Plus (an international supermarket). The first floor offers office and storage space with WC facilities and potential for residential conversion (STP).

Key features include:
* Dual frontage and access
* Open plan retail space
* Former takeaway premises
* Potential for alternative uses
* Income-generating investment

Accommodation:
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:

SIZE (Approximately):

33-34 High Street
* Ground floor:
- 160.30 m? / 1,725 ft?
* First floor:
- 6.30 m? / 68 ft?

67-69 Calthorpe Street
* Ground floor:
- 55.30 m? / 595 ft?
* First floor:
- 55.10 m? / 588 ft?

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.

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.

EPC Rating:
The property has an EPC rating of B-C.

Terms & Income:
The gross total income as at the date of the particular's is £35,200 per annum. The freehold is available for sale with a guide
price of £475,000 (Subject to contract).

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.

VAT:
It is understood that VAT is applicable.

For further information, please contact the BTC Commercial and Investment team at 020 8889 7474 or commercial@btcint.com.

Tenure: Please confirm with BTC Group Limited Commercial whether this property is freehold or leasehold

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