33/34 High Street & 67/69 Calthorpe Street, Banbury, Oxfordshire

Description

Freehold Retail Investment - Gross Yield 9.5%. 2 back-to-back adjoining buildings comprising Nos. 33/34 High Street – Ground Floor Double Shop with Ancillary Accommodation on the first floor, and Nos. 67/69 Calthorpe Street – Ground Floor Double Restaurant with Ancillary Accommodation on the first floor. Both units share some internal common parts.

Accommodation

Nos. 33/34 High Street – Ground Floor Double Shop with Ancillary Accommodation on the first floor. Nos. 67/69 Calthorpe Street – Ground Floor Double Restaurant with Ancillary Accommodation on the first floor. Both units share some internal common parts.

Location

Located close to such multiples as Iceland Supermarket, Tesco Express, Jennings Bet, Pepe's and a host of independent traders. Banbury is a prosperous and popular market town which lies some 20 miles north of Oxford and 40 miles east of Birmingham with excellent road access via the M40 (Junction 11).

Tenure / Property Information

Investment Analysis

The guide is £370,000. Relevant completed sales on Banbury High Street range from £416,500 at 29 High Street in July 2025 to £450,000 at 35 High Street in December 2023, with an older £500,000 sale at 35 High Street in 2017. These are not directly confirmed as equivalent to the subject's combined shop and restaurant buildings, so an indicative scenario range is used rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying occupational and lease information, current rent, condition, shared-part liabilities and all auction fees. Do not rely on the stated 9.5% yield or bid without a confirmed income and cost schedule.

Works Required

No specific condition defects or required works are evidenced. Allow for pre-purchase inspection of both buildings, shared internal common parts, services, statutory compliance and repair obligations before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £450,000 base GDV, 75% refinancing equates to £337,500. However, refurbishment costs, rent, lease status, finance costs and full acquisition charges are unknown, so cash recycling and refinance viability cannot be established.

Buy-to-Let Analysis

The auction description states a gross yield of 9.5%, but no passing rent, lease terms, tenant details or occupancy evidence is supplied. The £1,209 pcm listing is only an advertised Banbury commercial asking rent and cannot be attributed to both subject units. A reliable rent-based BTL assessment therefore cannot be completed.

Flip Analysis

The indicative base GDV of £450,000 is supported only by nearby High Street completed sales that are not confirmed as directly comparable. A flip surplus cannot be calculated because works, selling costs and other non-optional fees are not fully evidenced.

Investor Risks & Due Diligence

• No passing rent, tenant or lease information is provided.

• The stated 9.5% gross yield cannot be independently calculated from supplied income evidence.

• The £1,209 pcm figure is an advertised asking rent for a Banbury commercial property and is not confirmed for the subject.

• The two buildings share some internal common parts, but responsibilities and liabilities are not supplied.

• Condition, refurbishment requirements and statutory compliance costs are unknown.

• Additional non-optional auction fees may apply beyond the stated £1,500 administration charge.

• The comparable sales are nearby but are not confirmed to match the subject's combined shop and restaurant accommodation.

Recommendation

Proceed only after verifying occupational and lease information, current rent, condition, shared-part liabilities and all auction fees. Do not rely on the stated 9.5% yield or bid without a confirmed income and cost schedule.

Strategy Rating

Analysis Confidence

There are several relevant nearby completed sales and a stated gross yield, but no passing rent, lease, occupancy, condition, EPC, works budget or complete fee schedule is supplied.