The property comprises two adjoining Grade II premises with retail/office space on the ground floor and offices and storage to the first & second floors. The property benefits from A2 Financial & Professional use with permitted change to A1 Retail use. We consider there is scope for potential conversion of the upper floors to residential accommodation.
The property is located in a prime retailing location; opposite the Market Place main car park; in the heart of the town centre; surrounding occupiers including Cafe Nero, NatWest Bank; opposite Banbury's modern Castle Quay shopping centre currently subject to expansion to incorporate a new cinema, hotel and food retailing scheme; within easy walking distance of Banbury's main bus and London to Birmingham rail station.
Banbury is situated at Junction 11 of the London to Birmingham M40. The town has an expanding population of 42,000, a catchment of approximately 290,000, and is currently subject to considerable new housing and commercial development.