Banbury is a busy and growing commercial centre in North Oxfordshire with a population approaching 50,000.  It has excellent communication links which is helping fuel its growth situated on the M40 and with fast rail links to London and Birmingham.  The town centre is full of historic buildings with a range of shops both national and independent, professional services and a strong hospitality sector.  The Council’s purchase of the shopping centre and the development of a new leisure scheme adjacent to the canal has provided a further boost for the town.  Banbury is popular for town centre living with a number of conversion or new build schemes having taken place for apartments increasing the town’s residents.   The property is situated on the pedestrianised Church Lane, a street with plenty of character, independent shops and cafes.  The lane connects the High Street with Parsons Street and forms part of Banbury’s Old Town. 

The rent to be £14,000 p.a. exclusive.  The landlord does not charge VAT on the rent.  The tenant will be liable for payment to the landlord of a share of the Building Insurance.  A new full repairing and insuring lease is available for a term of years to be agreed. The Rateable Value is £14,750 (April 2023). Some allowance from Small Business Rates Relief is available as well as the support from the Government's Retail & Hospitality Relief. The premises are subject to a small Levy to the Banbury BID. The BID is a business organisation where funds collected are used for a range of initiatives to support the town centre. The charge is calculated at 1.50% of the Rateable Value and would be just £221 each year.