The property comprises a self-contained 'lock up' ground floor retail unit together with residential accommodation above. The ground floor premises are available on a new fully repairing and insuring lease at £11,000 per annum exclusive. Rental incentives are available subject to the financial ability of the ingoing tenant. The whole building is available to purchase on a freehold basis, subject to the long leasehold interest of the first floor residential flat which is held on a 999-year lease and is responsible to contribute 50% of costs towards building insurance and external building maintenance.
Banbury is situated at Junction 11 of the London to Birmingham M40. The town has a population of 42,000 and a catchment of approximately 290,000. Banbury is an expanding town with considerable new housing and commercial developments taking place.
The property is located in the 'Old Town' centre of Banbury, on the eastern side of Church Lane. The premises are situated within a busy pedestrianised and well established retail area running between the High Street and Parsons Street. Surrounding occupiers include Steve Betts Butchers and Lawrence Anthony Hairdressers.