Tel: 01295 983 333

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FREEHOLD FOR SALE

14/15 HIGH STREET, BANBURY, OX16 5EE

The Property

FREEHOLD FOR SALE

WITH PLANNING PERMISSION GRANTED FOR UPPER FLOOR CONVERSION TO RESIDENTIAL USE

PART INCOME PRODUCING

The property is Grade II Listed and comprises two ground floor shops with upper floors.

This section of the High Street is pedestrianised.

14 High Street is subject to a lease as follows:

Full repairing and insuring lease to Nilays News Ltd for a term of 5 years from June 2021 at a rent of £21,000 p.a. The lease includes a personal guarantee from the business owner. The lease includes Landlord and Tenant Act protection. The first and second floors are not used by the tenant.

15 High Street is subject to a lease as follows:

Lease to Make Space Oxford CIC for a term 1 year from September 2022 at a peppercorn rent. The lease is contracted outside the Landlord and Tenant Act. The lease includes a Schedule of Condition. The lease is a legacy from the Oxfordshire meanwhile use project – a scheme to encourage re-use of premises with meanwhile uses to charitable and socially orientated organisations.

PLANNING

Full Planning permission (Application No.: 22/01527/F) and Listed Building permission (Application No.: 22/01528/LB) granted in May 2022 by Cherwell District Council for the conversion of the upper floor into three apartments. The permitted scheme allows for introduction of a new entrance to the upper floors, within the shop front of 15 High Street. Planning application: 22/01527/F - Planning register | Planning register | Cherwell District Council

Accommodation:

Floor Areas	Details	Square Feet
14 High Street
Sales Area	61.34 sq m	660 sq ft
Ancillary	24.77 sq m	267 sq ft
First Floor	27.56 sq m	297 sq ft
Second Floor	27.56 sq m	297 sq ft
Attic	27.56 sq m	297 sq ft
_______
15 High Street
Sales Area	62.16 sq m	669 sq ft
Ground Floor Ancillary	46.51 sq m	501 sq ft
First Floor	68.83 sq m	741 sq ft
Second Floor	28.60 sq m	308 sq ft
TOTAL	374.89 sq m	4,037 sq ft

Location

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.

Pricing

The property is for sale, subject to the leases and with the benefit of full planning permission at £500,000. The sale will attract VAT.

PART INCOME PRODUCING

Contact Neil Wild

01295 983 333

44 South Bar Street
Banbury
Oxon OX16 9AB

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Brochure