Block of flats for sale in Dashwood Road, Banbury OX16

Investment Consideration:
Vacant possession
spv can be purchased to minimise stamp duty
VAT is not applicable to this property
Comprises two residential blocks consisting of 16 apartments in total (10 x 2-Bed & 6 x 1-Bed)
Total Residential gia: 784 sq m (8,436 sq ft)
Apartments to be offered fully furnished or unfurnished upon request
Purpose build in 2005 to a high standard
Benefits from 16 resident car parking spaces
Currently operated as a successful family run serviced apartments business
Situated within short walk from Banbury Train Station, which provides direct and regular services to London Marylebone (1h:05m)
Convenient access to attractions like Blenheim Palace, Bicester Village and Silverstone Circuit
Situated in a peaceful area of central Banbury, making them accessible and convenient for both business and leisure visitors.

Property Description:
Comprises Two Apartment Buildings on a plot of c. 0.31 acres. Each building consist of 8 Apartments, to provide a total of 16 Apartments (10 x 2-Bed and 6 x 1-Bed). The apartments are all very well presented and are fully furnished including modern kitchens (microwave, refrigerator, Zanussi oven, halogen hob, washing machine and dishwasher). There is a 40” TV in the living room and a second TV in the master bedroom of the two bedroomed apartments, BT Infinity Super hi-speed internet access via individual hubs, a laptop safe and secure door entry system. Each One-Bedroom Apartment has a double bed, living area, fully fitted kitchen & bathroom and sleeps 2. Each Two-Bedroom Apartment has double or twin beds in each bedroom, living area, fully fitted kitchen & bathroom and sleeps 4. The apartments are operated as a successful serviced apartment business. They are ideal for the frequent business travellers as well as those needing short term accommodation when relocating to the area.

Property Description:
West Building (Apartments 1-8): 392 sq m (4,218 sq ft)
Ground Floor: 146 sq m (1,575 sq ft)
2 x 2-Bed & 1 x 1-Bed Apartments
First Floor: 152 sq m (1,633 sq ft)
2 x 2-Bed & 1 x 1-Bed Apartments
Second Floor: 94 sq m (1,010 sq ft)
1 x 2-Bed & 1 x 1-Bed Apartments

East Building (Apartments 9-16): 392 sq m (4,218 sq ft)
Ground Floor: 146 sq m (1,575 sq ft)
2 x 2-Bed & 1 x 1-Bed Apartments
First Floor: 152 sq m (1,633 sq ft)
2 x 2-Bed & 1 x 1-Bed Apartments
Second Floor: 94 sq m (1,010 sq ft)
1 x 2-Bed & 1 x 1-Bed Apartments

Total Residential gia: 784 sq m (8,436 sq ft)

Location:
Banbury is a vibrant market town with a population of approximately 48,000. Positioned strategically along the M40 corridor connecting Birmingham, Oxford, and London, Banbury has experienced significant growth in recent years. The town’s thriving economy is evident in rising property values and expanding commercial opportunities. The historic heart of Banbury is charming, surrounded by picturesque villages featuring beautiful old stone homes. With convenient access to attractions like Blenheim Palace, Bicester Village, and Silverstone, Banbury is ideally located. The apartments are situated in a peaceful area of central Banbury, making them accessible and convenient for both business and leisure visitors.