The Property
Freehold investment for sale, subject to the lease to The Missing Bean Ltd. The property provides a sales and seating area at ground floor with a first floor kitchen, staff WC and store and second floor office. It has been fitted out to a high standard with contemporary furnishings.
Accommodation:
| Floor Areas | Details | Square Feet |
|---|---|---|
GROSS FRONTAGE TO HIGH STREET | 24 FT 8 INS | |
RETURN FRONTAGE | 12 FT 6 INS | |
GROUND FLOOR NET AREA | 280 SQ FT | |
FIRST FLOOR KITCHEN | 91 SQ FT | |
FIRST FLOOR SUB KITCHEN | 78 SQ FT | |
FIRST FLOOR W/C (STAFF ONLY) | ||
SECOND FLOOR OFFICE | 122 SQ FT | |
SECOND FLOOR STORE | 90 SQ FT | |
TOTAL | 661 SQ FT |
Location
The business is located in Banbury, a busy commercial centre in North Oxfordshire with a population approaching 50,000. The town has excellent communication links, situated at Junction 11 of the M40 and with a rail service providing fast and frequent trains to London, Birmingham and Oxford. The property is situated on a busy pedestrianised part of the High Street. It has a return frontage to Butchers Row. Nearby occupiers include Subway, CEX, Lloyds Bank, White Stuff and Café Nero.
Pricing
The freehold of the property, subject to the lease to The Missing Bean Ltd, is for sale at £200,000. This represents a net initial return of 6.84% based on the rent of £14,000 p.a.
Contact Neil Wild
44 South Bar Street
Banbury
Oxon OX16 9AB
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