Banbury is situated at Junction 11 of the London to Birmingham M40 and has a population of 42,000 and a catchment of approximately 290,000. Banbury is the largest town in Oxfordshire and is subject to considerable growth. Waterperry Court, a landmark site and buildings developed by Heron Hi Tech in 1989, comprises five self-contained office buildings prominently located on the Middleton Road in Banbury, adjacent to Banbury's train station and close to the town centre, bus station and Banbury's main Castle Quay shopping centre.
The premises comprise a terrace of five office buildings of which four are being offered for sale together with the large car parking area (all of which is also included in the sale) all situated on a site of circa 0.68 acres. The available self-contained buildings are a mixture of three and four storey units and currently have B1 office use. There are 52 car parking spaces, 18 of which are situated under the buildings. Chiltern House, excluded from the sale, is currently owned on a 125 year ground lease.
Each building has two entrances, one from the Middleton Road and one from the rear car park. Each building benefits from WCs on each floor and central heating via gas fired radiators.
Internally the property benefits from suspended ceilings and reinforced concrete floors with floor loadings of 4KN/m2 superimposed load plus 1KN/m2 for partitions. The roof is of timber trussed rafters. Windows are of sealed double glazed units with hardwood frames. A building specification pack produced in 1990 is available with additional information. Plans of the accommodation are also available via Dropbox.
We consider that the premises and site will be appropriate for residential conversion and development subject to the usual planning and building regulations.
The four buildings and car parking site are offered on a freehold basis and offers are invited in excess of £1.8 million. An 'overage provision' will be agreed in relation to any future additional development permitted on the site.