33-34 High Street & 67-69 Calthorpe Street, Banbury, Oxfordshire, OX16 5EX

Gross income £35,200

Gross initial yield 6.5%

Potential residential use on the first floor (STP)

EPC Rating B-C.

Retail Investment Premises For Sale

Retail Investment Premises For Sale

Detailed Description

33-34 High Street & 67-69 Calthorpe Street is well located in the heart of Banbury Town Centre. 67-69 Calthorpe Street was formerly occupied by Pizza Hut but the property is now let as a whole to Food Plus (an International Supermarket) which is accessed off the main High Street. The first floor comprises office and storage areas with wc's. There is potential for conversion to residential use (STP). The property has the following features:

* Dual frontage and access
* Open plan retail space
* Former takeaway premises
* Potential for alternative uses
* Income generating investments


Location

Banbury is the main North Oxfordshire centre for commerce and industry benefitting from excellent communication links via Junction 11 of the London to Birmingham M40 Motorway. Rail link London Marylebone provides a journey time of 53 minutes. Banbury has a current population of 54,000 and a catchment area of 256,000 living within a 30 minute drive.

Calthorpe Street is located off the main High Street which provides the main throughfare for traffic flowing around the town centre. The property can be accessed by two mains entrance doors one leading from High Street and one leading from Calthorpe Street, there is also a separate personnel access door off Calthorpe Street.