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.


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




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.


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

Proposed Accommodation

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


Amended Guide Price: £750,000+

Joint Agent

Additional Fees and Disclaimer

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Open Site For further information, please register for the legal pack. For all enquiries, please contact Jamie Weir at
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

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