Exchanged

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