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33-34 Bridge St 3,185 SF 100% Leased Retail Building Banbury OX16 5PN $547,484 CAD ($171.89 CAD/SF) 18.22% Cap Rate
Investment Highlights
- Centrally located within Banbury Town Centre.
- Let to Connells Estate Agents and Gill Cooke Personnel.
- Development potential subject to the usual consents.
- Landmark Grade 2 Listed semi-detached building.
- Current rental income £53,750 per annum exclusive.
Executive Summary
The premises comprises a Grade II Listed three-storey building, currently occupied in part by Connells Estate Agents and the Recruitment Group. The ground floor is mainly open plan with perimeter offices.
The first floor comprises offices with the basement comprising kitchen, WC and storage accommodation. The second floor (previously offices) requires refurbishment.
The premises comprises a Grade II Listed three-storey building, currently occupied in part by Connells Estate Agents and the Recruitment Group. The ground floor is mainly open plan with perimeter offices.
The first floor comprises offices with the basement comprising kitchen, WC and storage accommodation. The second floor (previously offices) requires refurbishment.
The property is partly let to Connells Residential, on a term of six years from 5th March 2020 with the current rent of £13,750 per annum and to Gill Cooke Personnel at a current rent of £40,000 expiring January 2027 (and who have served notice to vacate). Full lease details are available from White Commercial.
Subject to the usual planning consents and listed building regulations, we consider that the property has scope for the development of residential accommodation on the upper floors. Please note that our clients will not consider ‘subject to planning’ offers/proposals.
Lease Information
The property is partly let to Connells Residential, on a term of six years from 5th March 2020, with the current rent of £13,750 per annum and to Gill Cooke Personnel at a current rent of £40,000 expiring January 2027 (and who have served notice to vacate). Full lease details are available from White Commercial.
Terms & VAT
The premises are available freehold, subject to the existing leases, with offers invited over £295,000. VAT is not payable in addition to the purchase price.
Services
We understand that all main services are provided to the property, excluding gas. None of these services have been tested by the agents.
Business Rates
The current Rateable Value for the property (April 2026) is £17,500, £10,750, and £8,400 respectively. Further details are available from the agents or via the Local Charging Authority.
Viewing and Further Information
Please contact Chris White & Harvey White.
The first floor comprises offices with the basement comprising kitchen, WC and storage accommodation. The second floor (previously offices) requires refurbishment.
The premises comprises a Grade II Listed three-storey building, currently occupied in part by Connells Estate Agents and the Recruitment Group. The ground floor is mainly open plan with perimeter offices.
The first floor comprises offices with the basement comprising kitchen, WC and storage accommodation. The second floor (previously offices) requires refurbishment.
The property is partly let to Connells Residential, on a term of six years from 5th March 2020 with the current rent of £13,750 per annum and to Gill Cooke Personnel at a current rent of £40,000 expiring January 2027 (and who have served notice to vacate). Full lease details are available from White Commercial.
Subject to the usual planning consents and listed building regulations, we consider that the property has scope for the development of residential accommodation on the upper floors. Please note that our clients will not consider ‘subject to planning’ offers/proposals.
Lease Information
The property is partly let to Connells Residential, on a term of six years from 5th March 2020, with the current rent of £13,750 per annum and to Gill Cooke Personnel at a current rent of £40,000 expiring January 2027 (and who have served notice to vacate). Full lease details are available from White Commercial.
Terms & VAT
The premises are available freehold, subject to the existing leases, with offers invited over £295,000. VAT is not payable in addition to the purchase price.
Services
We understand that all main services are provided to the property, excluding gas. None of these services have been tested by the agents.
Business Rates
The current Rateable Value for the property (April 2026) is £17,500, £10,750, and £8,400 respectively. Further details are available from the agents or via the Local Charging Authority.
Viewing and Further Information
Please contact Chris White & Harvey White.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
3,185 SF
Building Class
B
Year Built
1800
Price
$547,484 CAD
Price Per SF
$171.89 CAD
Cap Rate
18.22%
NOI
$99,753 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.21
Lot Size
0.35 AC
Parking
44 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
136’ on Bridge Street
Amenities
- Signage
- Energy Performance Rating - B
- Energy Performance Rating - D
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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33-34 Bridge St
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