Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • A freehold building
    • Ground floor retail unit let on a new 10 year lease from 08/08/2025
    • Two flats above sold off on long lease for a combined ground rent of £500 p.a.
    • Busy pedestrianised street
    • Ground floor retail unit t/a a nail bar
    • Investment let at £12,500 per annum (13.15% GIY on guide price)

    Description

    A freehold building comprising a ground floor retail unit with two flats sold off on long lease.

    Ground floor retail unit t/a a nail bar let on a new 10 year lease from 08/08/2025.

    Investment let at £12,500 per annum (13.15% GIY on guide price).

    Additional information

    Tenure

    Freehold

    Accommodation

    GF retail unit - Approx. 734 sq ft (68.19 sq m)

    Tenancy

    Commercial investment let to a private individual t/a 'Little Nails & Spa' for term of 10 years from 08/08/2025 for £12,000 per annum. The lease is also subject to 3 yearly rent reviews - please refer to the legal pack for more information.


    2 flats sold off on long lease

    16 Church Lane (First Floor Flat) - 125 years from 01/01/2006

    16a Church lane (Second Floor Flat) - 125 years from 01/01/2007

    Rent

    Investment let at £12,500 per annum (12.5% GIY on guide price)

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located to the western side of Church Lane, a busy pedestrianised thoroughfare and well-established retail area within the ‘Old Town’ of Banbury, running between High Street to the south and Parsons Street to the north, with White Lion Walk also to the west.

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums