This property presents a unique opportunity for those seeking a renovation project or an investment in Banbury's historic town center. Comprising three interconnected buildings—27, 28, and 28a—all of which have prominent frontage on Parsons Street, this listing is situated within a Conservation Area and features Listed Grade II status.
No. 27 is currently tenanted and includes a ground-floor restaurant space complete with a bar and rear kitchen facilities. The first floor offers essential WC facilities and additional storage, while the second floor serves as both storage and integral residential accommodation. In contrast, No. 28 and 28a are vacant, featuring a ground-floor retail area alongside kitchen facilities. Previously utilized as restaurant space with living accommodations above, these units also include WC facilities on upper levels and access to a rear courtyard.
The property does require modernisation, presenting significant potential for refurbishment based on your vision. Additionally, the inclusion of a basement offers further utility options. Access to all units is conveniently located from Parsons Street, with an emergency access point shared through the rear yard.
Banbury itself serves as the principal commercial hub of North Oxfordshire, benefiting from its strategic location just two miles from Junction 11 of the M40 motorway. With a population of around 54,000 and an extensive catchment of approximately 256,000 within a half-hour driving radius, the area boasts vibrant foot traffic due to its proximity to essential amenities like Banbury Railway Station and bus services. Positioned in a busy pedestrianized retail zone near Banbury Market Square and Castle Quay Shopping Centre, this property is well-placed for attracting customers.
Offered as one lot for sale, No. 27 will be sold freehold subject to the existing lease but remains unaffected by tenant operations. Meanwhile, No. 28 and 28a are available with vacant possession—ideal for potential residential conversions or other development opportunities (subject to planning). This property holds substantial promise for investors or developers looking to capitalize on Banbury's growth trajectory while preserving its historical character.
