The Old Academy 21 Horsefair 6,992 SF Office Building Banbury OX16 0AH $1,520,089 CAD ($217.40 CAD/SF)

This prominent Grade II Listed Office building is situated in Banbury’s main business district and within the Conservation Area of Banbury’s town centre. The self-contained building and car park are situated close to Banbury’s famous Cross and Lady on a White Horse, within easy reach of all main town centre facilities. Banbury is situated at Junction 11 of the London to Birmingham M40 with a population approaching 54,000 (2021 census) and a catchment of approximately 160,000. The property is situated just ten minutes’ walk from Banbury train station, providing services to Birmingham, Oxford and London Marylebone and Paddington stations via the Chiltern and Great Western railway lines.
Character Offices with Courtyard and Separate Car Parking with Residential Conversion Potential Arranged over three-story's, the building provides a mix of open plan and cellular office accommodation, with a modern fixed kitchen and break out area to the ground floor. The front of the property has solid stone and brick elevation walls with pitched clay tile roofs, with a modern extension to the rear. A timber staircase connects the three floors and there are a number of feature beams and stone fireplaces. Windows are of single glazed sash throughout. Internally, floors are a mix of solid concrete and suspended timber with carpet finishes and throughout plasterboard ceilings with fluorescent lighting. There are WCs and also a kitchen to the first floor. There is a gated courtyard to the rear of the property and 11 car parking spaces. We understand that all mains’ services are connected to the premises, including gas. None of these services have been tested by the agents. We consider that the site and buildings, subject to planning and the usual consents being obtained, will suit residential use. Preparations have been made into a change of use of the property from existing Class E business use into 9 no Class C3 residential apartments (3 x 1 bedroom, 4 x 2 bedroom & 2 x 3 bedroom). The property has been vacant for 24 months which is more than the permitted time needed before a planning application can be made.
Prominent Grade II Listed Office building Arranged over three-storey's providing open plan and cellular office accommodation Original feature beams and stone fireplaces Gated courtyard to the rear of the property and 11 car parking spaces Suitable for residential conversion subject to planning Plans available for 9 x residential apartments Situated close to Banbury Cross within easy reach of all main town centre facilities
We consider that the site and buildings, subject to planning and the usual consents being obtained, will suit residential use. Preparations have been made into a change of use of the property from existing Class E business use into 9 no Class C3 residential apartments (3 x 1 bedroom, 4 x 2 bedroom & 2 x 3 bedroom). The property has been vacant for 24 months, which is more than the permitted time needed before a planning application can be made. Further detailed information and plans for the conversion are available via our Dropbox or from White Commercial Surveyors: https://www.dropbox.com/scl/fo/thrtdz5xbdr5i72mynm0d/AGalAoJGwC3_CL4u006 yfJc?rlkey=z21z20jgvix274zuagakje5jc&st=kqqe8s16&dl=0