Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a retail unit with ancillary accommodation arranged across ground, first and second floors.
The property is let in its entirety to RAL Limited, trading as Admiral, a well known national business of undoubted covenant strength. The lease is on full repairing and insuring terms paying a rent of £33,000 per annum. The lease expires 27/01/2025 and is outside of the security of tenure provisions of the 1954 Act.
The ground floor provides a sales area, whilst the upper parts enjoy a separate access and are used as ancillary/storage space. Therefore there may be potential to convert the upper parts to residential use in the future (subject to obtaining the necessary consents).
Situated with a prominent frontage to the pedestrianised area of Parsons Street, the property enjoys high footfall and forms part of the principal retail amenity of Banbury.
Tenure
Freehold
Rent
Notes
Please note the site areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.