Sold
Banbury – Investment and development opportunity
25-28 Bridge Street, The Malthouse Offices & 1-6 Malthouse Walk, Banbury, OX16 5PW
Offers in excess of £1,900,000
- Property Types:
- Commercial, Development Opportunity, Mixed, Residential
- Tenure:
- Freehold
Description
- 31,233 sq ft (2,910 sq m) of mixed retail and office building located within the main retail pitch in Banbury High Street
- Freehold
- Retail units let to Poundland and Toni & Guy
- Total Current Rent of £160,000 per annum
- Two vacant retail units fronting onto the High Street of A3 Use
- Vacant upper floors providing immediate development potential to residential subject to planning (STP)
- Historic prior approval for change of use from B1 offices to C3 residential expired in May 2016 for 20 x one bed flats
- Offering on-going active asset management and significant development potential
- Large site area of 2.02 acres (0.817 ha)
Offers sought in excess of £1,900,000 subject to existing leases, contract and exclusive of VAT, reflecting a low capital value of £60 psf