Investment details
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Lloyds TSB
12 High Street, Banbury
OX16 5EF
Retail
Status - Sold
Tenure - Freehold
Total floor area - 10,095 sq ft
Price - £1.42M
Net initial yield - 6.00%
The investment comprises a well-let High Street bank situated in the pedestrianised retail pitch in Banbury town centre. The property comprises an attractive period bank facade with large ground floor baking hall beneath two floors of modern office and storage accommodation, constructed on a large site with generous parking to the rear. The property is let to the excellent covenant of Lloyds TSB Bank plc for just under 10 years and currently produces £90,000 per annum, reflecting £36.57 per sq ft Zone A.
Agent details
Lambert Smith Hampton
Hugh White
Telephone: 020 7198 2212
Mobile: 07775 708 668
Office: London
hwhite@lsh.co.uk
Download contact details (VCF)Contact Agent
Lambert Smith Hampton
Stephen Parry-Jones
Telephone: 020 7198 2233
Mobile: 07771 388 262
Office: London
sparryjones@lsh.co.uk
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