Former Banbury Trades & Labour Club, 32 West Bar Street, Banbury, Oxfordshire, OX16 9RR
Freehold former club premises in Banbury
Guide price*
£900,000+
Plus fees
Withdrawn
Virtual tour
Lot information
Commercial Vacant
Auction details:
Thursday 21st July 2022 @ 09:30AM
A Spacious Freehold Town Centre Former Club Premises with Excellent Car Parking, considered suitable for a variety of alternative uses including residential development, subject to the necessary planning permissions
Property Description
The property comprises a spacious former club premises, which was the home to the Banbury Trades and Labour Club since the 1950s. Occupying a prime Town Centre location, the premises consist of two adjacent sites, totalling approximately 0.5 acres (2,100 sq.m.). The larger area is occupied by the main club premises and the smaller area currently provides generous, barrier controlled surfaced car parking. There is a public right of way running between the two sites. The accommodation comprises on the ground floor a main function room with a stage, bars, recreation room, commercial kitchen, beer cellar and WCs and extends to approximately 10,763 sq.ft. (1,000 sq.m.). There is useful basement storage extending to approximately 488 sq.ft. (45.4 sq.m.). On the first floor there is another function room and bar with ancillary storage extending to approximately 1,442 sq.ft. (134 sq.m.). There is a separately accessed three bedroom flat above the front of the building, which could provide manager or staff accommodation. The property is considered suitable for a continuation of its existing use as a club/hospitality venue or alternative uses including retail, community, religious, educational, medical and nursery uses. The site may also be suitable for residential development, all subject to obtaining the necessary planning permission.Location
The property occupies a prominent position fronting the northern side of the B4035, West Bar Street, a short distance from Banbury Cross in the heart of Banbury Town Centre.Within the immediate vicinity there is a mix of professional offices, retail and residential uses, with Banbury and Bicester College also within close proximity.
Banbury is a popular and attractive market town, close to the Cotswolds in Oxfordshire, located approximately 64 miles north west of London, 37 miles south east of Birmingham and 22 miles north west of Oxford.
Banbury has excellent access to the national motorway network via junction 11 of the M40 motorway and Banbury railway station has regular services to London Marylebone and Birmingham via the Chiltern Mainline.
Energy Performance Rating
Please see legal pack.Tenure
Freehold – Vacant possession upon completion.Value Added Tax
We understand that VAT is not chargeable on this transaction.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
