Premises at Adderbury, High Street, Banbury, Oxfordshire

RETAIL INVESTMENT PREMISES FOR SALE

The property is well located on the High Street in the centre of Adderbury Village and comprises a 3 storey double fronted building of Hornton Stone construction under a pitched roof. The ground floor retail area is currently let as a convenience store and the first floor area is let to hairdressers. Second floor comprises of two rooms which is currently used as storage area. There is potential for conversion to residential use (STP). The property has the following features:-

* Double glass frontage
* Two front access pedestrian doors
* Small rear yard
* WC, kitchenette and storage area to ground floor
* WC and staff area on first floor
* Separate electricity supplies

Location

Banbury is the main North Oxfordshire centre for commerce and industry, it lies approximately 2 miles from Junction 11 of the London to Birmingham M40 Motorway. Banbury has a current population of 54,000 and a catchment area of 256,000 living within a 30 minute drive.

The property is located 3 miles south of Banbury and 22 miles north of Oxford City Centre in the centre of the attractive village of Adderbury with excellent access to both junctions 10 and 11 of the M40 and the nearest train station is within Banbury. The village benefits from local businesses such as coffee house, post office, veterinary surgery and public houses.

Gross income £17,800 pa

Gross yield 7.26%

Potential residential conversion (STP)

EPC Rating B