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TOWN CENTRE COMMERCIAL UNIT TO LET

15 HIGH STREET, BANBURY, OX16 5EE

The Property

Banbury is a busy and growing commercial centre in North Oxfordshire with a population approaching 50,000.  It has excellent communication links situated on the M40 and with fast rail links to London and Birmingham - which is helping fuel its growth.  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 which has recently opened adjacent to the canal has provided a further boost for the town.  Banbury is popular for town centre living with conversions or new build schemes taking place - increasing the town’s residents.

 

This section of the High Street is pedestrianised.    

 

The available commercial unit is on the ground floor with staff facilities at the rear. 

Accommodation:

Floor AreasDetailsSquare Feet
Ground Floor Sales
90.04 sq m
969 sq ft
Ground Floor Ancillary
26.51 sq m
285 sq ft
Total
116.55 sq m
1,254 sq ft

Location

Banbury High Street

Pricing

The premises are available on a new lease, for a term to be agreed at a rent of £20,000 p.a. exclusive.    VAT is applicable.  The lease will be on a full repairing and insuring basis.   Business Rates:  The Rateable Value of the premises is £19,000.    This is not the rates payable.  The rates payable is expected to be in the region of £9,500 p.a. The property is within the area of the Banbury Business Improvement District (Banbury BID).  The BID is a business organisation where funds collected are used for a range of initiatives to support the town centre.  https://banburybid.com/  The annual charge is calculated at 1.50% of the Rateable Value and would be £285 p.a.

NEW LEASE AVAILABLE

Contact Neil Wild

01295 983 333

44 South Bar Street
Banbury
Oxon OX16 9AB

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