Property Information
Address:
38 The Green, South Bar Street, Banbury, Oxfordshire
, OX16 9AE
, Oxfordshire
, United Kingdom
Price: Buy: POA
Size: 3185 sq ft296 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH688849
Property Ref/Agent: 440350
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 7, 2024
Property description
Gross Income £55,085 p.a. Fully occupied income of £66,210 p.a.
Gross Initial Yield 8.48% rising to 10.18%
Potential for Conversion to Residential Use
EPC Rating C
OFFICE INVESTMENT FOR SALE
Detailed Description
38 The Green comprises 6 ground, first and second floor office suites with communal front entrance and hallway and rear access to car parking.
The suites are in the main small self contained offices which are attractive in the market more so than large self contained offices.
Furthermore, the property comprises:
* Carpeted / tile / laminate flooring
* Electric heating
* LED lighting
* Car parking spaces
* Public car parking available close by to the front of the building
Whilst the premises is currently split into 6 office suites there is potential for alternative uses such as residential redevelopment (stp) when vacant possession is available.
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. 38, The Green is located on South Bar, the main professional business area in Banbury. It is within easy walking distance of the town centre.
Gross Income £55,085 p.a. Fully occupied income of £66,210 p.a.
Gross Initial Yield 8.48% rising to 10.18%
Potential for Conversion to Residential Use
EPC Rating C
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