Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity situated on a popular pedestrianised street.
Arranged as a ground floor retail unit with vacant upper parts, the ground floor is let to a private individual trading as Banbury Permanent Makeup on a five year lease expiring 02.03.2027 and paying £5,000 per annum. The upper parts are offered with vacant possession and may be suitable for conversion to alternative uses, including residential (subject to the existing lease and any requisite consents).
The tenant did not exercise their 2024 break option, displaying confidence in the location. We consider the property may benefit from asset management potential via renewal of the lease and improvement of the annual rent.
The property forms part of a popular local parade and benefits from a frontage to Chapel Lane, a high footfall pedestrianised street which serves as one of the main pedestrian thoroughfares between the principal retail streets of the High Street and Parsons Street. The area is characterised by a mix of local and national retailers.
Tenure
Freehold
Accommodation
Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.
Ground - 19.40 sq m (209 sq ft)
First - Not measured
Tenancy
The ground floor is let to a private individual trading as Banbury Permanent Makeup on a five year lease expiring 02.03.2027 and paying £5,000 per annum. The tenant did not exercise their 2024 break option, displaying confidence in the location.
The upper parts are offered with vacant possession.
Rent