Office for sale

Unit 15 Somerville Court, Banbury Business Park, OX17

1,150 sq. ft. | £145,000

Property Description

Commercial information

  • 1,150 sq ft (106 sq m)
  • Use class orders: B1 Business

Key features

  • Modern self-contained ground floor office suite
  • 7 Car parking spaces
  • Separate kitchen area
  • Rent 14,375 per annum exclusive
  • For Sale 145,000 on long lease (over 900 years)

Full description

Location

Banbury is the principal commercial and administrative centre of north Oxfordshire, being located at Junction 11 of the M40 motorway(London to Birmingham). Banbury has a resident population of 46,853 and a district population of 141,868. There is a catchment populationof 256,000 within a 30 minute drive time.

The property is located on the popular Banbury Business Park which islocated three miles south of Banbury on the edge of the attractive village of Adderbury with excellent access to both junctions 10 and 11 of the M40.

Description

The premises comprise a modern end of terrace self-contained ground floor office suite which benefits from air conditioning and separate male and female WCs. The property also benefits from 7 car parking spaces and a separate kitchen area

Accommodation

We have measured the property in accordance with the RICS Professional Statement RICS Property Measurement, published in the 1st Edition May 2015 and calculate that the area of the unit measured in accordance with the International Property Measurement Standard (IPMS 2) gross internal areas is 1,150 sq ft (106.84 sq m).

Services

We understand that all main services are provided to the property excluding gas. None of the above services have been tested by the agents.

Terms -To Let/ For sale on long lease

The unit is available to let on a new full repairing and insuring lease at a rental of 14,375 per annum exclusive of VAT and other outgoings. Our clients are prepared to sell the long lease of this unit at a figure of 145,000 over 900 years.

Service Charge

A service charge is levied on the estate to cover the cost of maintaining the shared areas including landscaping. The service charge is 1,488 per annum.

Building Insurance

The building insurance for the unit is 423.31 per annum for the year to 30 June 2016.

Rateable Value

We understand from the valuation office 2010 Rating List that the rateable value is 13,250. Further information regarding rates payable is available from the joint agents.

VAT

All values quotes exclude any VAT which will be payable in addition at the standard rate.

EPC

The EPC rating for the property is Band E - 111. A full copy of the EPC Certificate is available from White Commercial Surveyors.

Legal Costs

Each party to be responsible for their own legal costs incurred in any transaction.

More information from this agent

Nearest stations

  • Kings Sutton (0.8 mi)
  • Banbury (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Minton Group , London

8 De Waldon Court, 85 New Cavendish Street, London, W1W 6XD

020 8012 0519 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Kings Sutton (0.8 mi)
  • Banbury (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Minton Group , London

8 De Waldon Court, 85 New Cavendish Street, London, W1W 6XD

020 8012 0519 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 15SOMERVILLECOURT_OX173SN. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Minton Group , London . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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