Hopcraft Lane, Deddington, Banbury, Hopcraft Lane, OX15

£1,250,000

Guide price

LOCATION

The property sits at the heart of the pretty village of Deddington which is located approx. 18 miles north of Oxford, 12 miles northwest of Bicester and 6 miles south of Banbury. The village itself provides a number of local facilities including public houses, restaurants, health centres and a wide range of shops, including a post office, a renowned independent delicatessen foodstore and an art gallery. It is an historic village and has some fine examples of period buildings.

Road communications are excellent as Deddington lies on the main A4260 between Oxford and Banbury. It provides easy access to both Junction 10 (A43) and Junction 11 (Banbury) of the M40. The nearest mainline rail service is Banbury which provides a regular connection to London Marylebone and to Birmingham. Orchard House is situated on the eastern side of the village surrounded by many period residential dwellings and the village centre is only a short walk away.

DESCRIPTION

Orchard House comprises a Grade II Listed 17th Century property with accommodation arranged over three floors. The property has been substantially extended to the rear with a two-storey extension formed around a courtyard.

The building is currently split into six office suites with some suites being currently occupied (full details available on request). Each office suite shares communal facilities and there is also a basement storage area within the original Grade II Listed building.

The property sits fronting Orchard Lane and as a result has an extremely large area of land to the rear which gently slopes away from the building. The closer part is currently laid as parking with the lower levels also providing further parking in what was historically an orchard.

Subject to the necessary planning consents the property offers potential to alternative uses. The total extent of the plot extends to just under an acre.

The property currently has a passing rent of £51,850 pa. with the potential to increase to £70,000 pa. giving an opportunity to enjoy income whilst looking at alternative development options, subject to planning.

VAT

The property is elected for VAT which will be payable on the purchase price. Option to treat the sale as a TOGC.

EPC

Individual EPCs for the separate suites are available on request.

TERMS

Offers are invited in the region of £1,250,000 for the Freehold interest. Conditional offers subject to planning will also be considered.

Arrange viewing 01865 708658

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