Banbury is a busy and growing commercial centre in North Oxfordshire with a population approaching 50,000.  It has excellent communication links situated on the M40 and with fast rail links to London and Birmingham - which is helping fuel its growth.  The town centre is full of historic buildings with a range of shops both national and independent, professional services and a strong hospitality sector.  The Council’s purchase of the shopping centre and the development of a new leisure scheme which has recently opened adjacent to the canal has provided a further boost for the town.  Banbury is popular for town centre living with conversions or new build schemes taking place - increasing the town’s residents.   The property is within an ideal location with ease of access.  It is located opposite a large public car park and on the edge of the Market Place. 

The premises are available on a new lease at a rent as follows. Year 1: £8,400; Year 2: £9,000; Year 3: £9,600. The current landlord does not charge VAT. The tenant will be responsible for all outgoings and to repair and maintain the property and contribute to the cost of the landlord’s building insurance.  The Rateable Value of the premises is £12,000.    The property is eligible for Small Business Rates Relief and consequently a qualifying business would be able to claim 100% relief.  There is a small contribution to the Banbury Business Improvement District of approx. £180 per year.