OX16 47 & 48-48a High Street, Banbury

Investment For Sale - 2 Fully Let Retail Buildings With a Current Income of £36,000pa

2x two-storey adjoining retail units which are fully let on separate leases. The units comprise ground floor retail areas with clinical/office/welfare space to first floors. There is an element of 'flying freehold' to first floor. The properties are being sold in combination subject to the leases held.

47 High Street is let to Roundford Limited on a lease term of 10 years from 01/07/2019 at a rent of £18,500 per annum.

48-48a High Street is let to Youdix Ltd on a lease term of 20 years from 25/11/2024 with a break at 25/11/2028. Rent £17,500 per annum.

Centrally located within Banbury Town Centre

Current gross rental income of £36,000 per annum

Situated on Banbury High Street and within sight of the famous Banbury Cross

Ground floor retail areas with clinical/office/welfare space to first floors

Banbury is situated at Junction 11 of the London to Birmingham M40 Motorway and is a rapidly expanding town, with a population approaching 55,000 (2021 census) and an estimated catchment population of approximately 256,000.

The premises are situated on Banbury High Street and within sight of the famous 'Banbury Cross'. Surrounding occupiers include Tesco Express, Anker and Partners, Cash Converters and Finders Keepers, among many others.

Rental Income £36,000pa