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SOLD STC

The Former Sapa Building, Southam Road, Banbury, OX16 2SN

Guide Price
£1,325,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • Former Hotel Planning Permission Lapsed
  • Approximately 1.75 acre site
  • Adjacent to Amazon's warehouse hub
  • 1.8 miles from Junction 11 of the M40
  • Grade II Listed
  • PP for 110 key Hotel (expired) - Energy Rating G
  • Christie & Co Ref: 3848018

Description

Description

On the instructions of Victoria Liddell & Tammy Wilkins, Joint Fixed Charged Receivers, Allsop LLP.

Location

The site is approximately 1.75 acres and is situated on the Southam Road (Banbury) 1.8 miles from Junction 11 of the M40.

The town of Banbury is located on the Oxford Canal in Oxfordshire, England. Banbury is situated 64 miles northwest of London, 37 miles southeast of Birmingham, 27 miles south-by-southeast of Coventry and 22 miles north-by-northwest of the county town of Oxford. The nearest airport is London Luton approximately an hour and 20 minutes' drive from the hotel development site.

Banbury holds a local reputation as a commercial centre for the nearby area of north Oxfordshire and southern parts of Warwickshire and Northamptonshire with its location on the M40 meaning it is highly accessible from its surrounding regions and from London to the south and Birmingham to the north.

Attraction/demand generators include Banbury Cross, Banbury Museum, Tooley's Boatyard, and the Spiceball Leisure Centre and Park.

Adjoining Occupiers

The Hotel site is immediately accessible by Southam Road and is directly adjacent to Amazon's facilities, conveniently situated between two minor connecting roads which lead to the Amazon campus.

The Amazon warehouse hub, known as Amazon D0X2, is located adjacent to the property alongside other commercial businesses including DCS Group, the UK's largest distributor for health, beauty and household brands. The hotel development site is close to Hardwick Business Park and Banbury Gateway Shopping Park situated to the north east of Banbury town centre.

External Details

The proposed hotel development scheme has 95 car parking spaces allocated.

The Opportunity

The development site is approximately 1.75 acres. The site is roughly rectangular in shape and the topography of the site is flat. The proposed scheme will be a part-conversion, part new build scheme utilising the existing structure. We have been advised that permission from the Council has been granted to remove the shrubbery and trees on Southam Road in order to provide excellent visibility of the site from Southam Road.

The former planning permission which has now expired included the following:
- 110 keys
- Food & beverage for 100 covers
- 3 Meeting & banqueting rooms
- Indoor wet leisure spa
- 95 car parking spaces

Development Potential

There are numerous schemes currently under development in Banbury, these vary across housing developments, a new business park, plans for the regeneration of the town centre, including expanding the hospitality and retail offer, as well as a Banbury Vision & Masterplan for the town in conjunction with the Council's Local Plan.

Planning Permissions

Planning history of former SAPA Profiles Office, Southam Road, Banbury, OX16 2SN:
Reference Number: 19/01205/F - Decision: Application Permitted - This planning permission has now lapsed.

Variation of condition 2 (Approved drawings and documents) of 17/02374/F - To allow amendments to the site layout to facilitate a single point of access to the site. (17/02374/F description of development - Extension and conversion of former SAPA office building into a new destination hotel together with supporting facilities).
Reference Number: 17/02374/7 - Decision: Application Permitted
Extension and conversion of former SAPA office building into a new destination hotel together with supporting facilities -

Tenure

Freehold

Energy Performance Certificates

EPC 1

Brochures

The Former Sapa Building, Southam Road, Banbury, OX16 2SN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Banbury Station1.4 miles
  • Kings Sutton Station4.7 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3848018-fh. 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 Christie & Co, Hotels. 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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