The premises are prominently situated in Banbury Town Centre at the corner of Castle Street and Cherwell Drive. The property includes a terrace of dwellings to the south (see below), with the British Telecom Building to the north, Banbury's main Castle Quay Shopping Centre and car parks to the east and south close by.
The site currently occupied by PR Alcock & Sons Ltd, comprises a total site area of 0.79 acres and is split into a number of elements as follows:
13 Existing Residential Units
9 three storey Victorian Terraced Houses fronting Castle Street and subject to 11 assured shorthold tenancies plus two additional houses to the rear producing an aggregate current gross rental income of £102,240, (February 2016).
Proposed New Development 15/01/788/F
Planning consent was granted on the 28th November 2015 15/01/788/F for the 'Redevelopment of the existing builder's yard to create 4 No. dwellings and the extension of the existing terrace of dwellings to create I No. further dwelling'. Total Area for this application comprised 3 x 107 sq. m units and 1 unit of 120 sq m plus an end terraced unit of 135 sq m.
Proposed New Development 14/01536/F
Planning consent was granted at the west end of the site and sharing the same access as the above development in 2014 for a terrace of three dwellings of 3x 96 sq. m.
Full details of both the planning applications together with associated plans and further supporting information is available on Cherwell District Councils Planning Portal.
www.publicaccess.cherwell.gov.uk/online-applications/. Application No 15/01/788/F and Application NO 14/01536/F.