Auction House London

Lot 78

Residential Development - Commercial Property 

2 Cherwell Street

Banbury, Oxfordshire, OX16 2BB

Sold for £775,000

A Substantial Redevelopment Site Measuring Approximately 858 sq m (9,235 sq ft) Currently Comprising a Single Storey Detached Commercial Building. Offered with Planning Permission to Create a Mixed Use Development for 2 x Ground Floor Commercial Units and 19 x Self-Contained One & Two Bedroom Flats. The New Development will Provide 1,530 sq m (16,468 sq ft) of Commercial/Residential Space.

Description

The property comprises two detached single storey buildings and a large car park (a former car showroom and forecourt).

Tenure

Freehold

Location

The property is situated in the heart of Banbury town centre. The open spaces of Peoples Park are within easy reach. Transport links are provided by Banbury rail station which is a 5 minute walk from the site.

Planning

Cherwell District Council granted full planning permission (Ref. No: 18/01569/F) on the 7th November 2019 for:
'Redevelopment of site for mixed use development comprising 19 apartments, commercial space and associated cycle and bin storage facilities'

Further information available at www.cherwell.gov.uk/

Proposed Accommodation

2 x Commercial Units
11 x One Bedroom Flats
8 x Two Bedroom Flats

Addendum

Amended Guide Price: £750,000+

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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Open Site For further information, please register for the legal pack. For all enquiries, please contact Jamie Weir at info@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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