3 bedroom Commercial Property For Sale

Northwood present this commercial & residential property with tenants in-situ.

Built around 1842 this property is offered freehold and in a great location in Banbury town centre and consists of the commercial ground floor and a two bedroom apartment with separate entrance above.

The ground floor is currently a thriving hairdressing salon and the current set-up is happy to continue as a hands off investment.  There is approx. 415 sq ft including a utility room to the rear.  The wiring was redone in 2007/8.

The apartment has its own entrance and is a well presented three bedroom apartment currently rented with tenant in-situ outside with a lovely terrace, kitchen breakfast room, living room.  The next floor has two bedrooms and the bathroom and then the top floor has a huge master bedroom.  We note the third bedroom is suitable for a cot room or dressing room due to limited space.  Approx 800 sq ft of living space in the apartment in total.

A great hands-off investment opportunity.

The current rent in the commercial is £625 and negotiable as is overdue a rent review as suits the current set-up.

The current residential rent is £925 pcm and also due a rent review as the market rent should be in the region of £1,000 upwards pcm.

So before any rent reviews we have an annual rental of £18,600. EPC rating: C. Council tax band: X, Tenure: Freehold,