Investment Opportunity – 1 High Street Banbury – *SOLD*

Back

The property occupies a prominent corner position at the junction of High Street and Broad Street in Banbury town centre. It forms part of a busy pedestrian route linking the town centre, Market Square and Castle Quay Shopping Centre.

Other occupiers in close proximity include:
Robert Dyas, Barclays Bank, Coventry Building Society, Café Nero, The White Stuff and Nat West

This property is ranged over 4 storeys to the front and 2 to the rear providing ground floor sales with first floor staff /storage and ancillary accommodation over second and third floors.

The property provides the following approximate net internal floor areas:

Ground Floor Sales               1229 sq ft       114.18 sqm
First Floor Storage                1039 sq ft         96.53 sqm
Second Floor Ancillary            367 sq ft         34.10 sqm
Third Floor Ancillary                442 sq ft          41.10 sqm

Total Floor Area:                    3077 sq ft       285.86 sqm                  

The Tenant is Shoezone Retail Limited (Company Number 148038). For the year ending 30/3/2017 Shoezone Retail ltd reported a pre-tax profit of £9,670,000 with shareholders’ funds of £31,696,000.

The property is held by way of a 5 year FRI lease from 31/3/17 at £22,000 per annum expiring 30/3/22.

We are instructed to seek offers in excess of £325,000 exc VAT (if applicable) subject to contract, reflecting a Net Initial Yield of 6.5 % assuming acquisition costs of say 4.0%

Download pdf

 

  • Location: Oxfordshire 
  • Price: £325,000 - *SOLD* 
  • Phone Number: 01865 595143 
  • Size to (sq ft): 3,077 
  • Tenure: For Sale 

Back