Summary - 63 Parsons Street/21a Cornhill,Banbury,OX16 5NB OX16 5NG
1 bed 1 bath Commercial Property
**Standout Features:**
- Tenanted to a National covenant (currently Timpson)
- Large Victorian-style corner building with period features
- Potential for residential conversion on upper floors (subject to planning)
- Recently redecorated, providing a fresh, modern look
- Prime location in Banbury's bustling town center, near amenities and transport
- High street frontage with generous visibility
**Concerns:**
- Higher crime rate in the area (Very High)
- Property condition may require ongoing maintenance beyond recent upgrades
**Summary Description:**
Discover an exceptional investment opportunity with this prominent Victorian-style corner retail property in the heart of Banbury. Spanning an impressive 1,570 square feet, the ground floor currently operates as a well-established retail unit leased to a National covenant, ensuring a reliable income stream. The upper floors offer potential for residential conversion, enabling you to explore multiple income avenues (subject to planning approval).
This attractively re-decorated property boasts high ceilings and ornate brickwork that appeal to both modern tenants and families alike, all within a cosmopolitan environment rich in amenities. Enjoy the bustling atmosphere of a pedestrianized shopping area, just moments from Banbury Railway Station and various shops and restaurants. Despite its high visibility and foot traffic, prospective buyers should note the area's elevated crime rate. This unique opportunity to own a versatile property in a thriving locale won't last long—seize the potential today!
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