Development Properties: Station Approach Banbury OX16 5AB


Station Approach Banbury OX16 5AB

OIEO £3,000,000 subject to contract

• A redundant former caravan park measuring approximately 1.48 acres.

• Situated within 65 meters of Banbury Station which offers direct trains to London Marylebone in 59 minutes.

• In June 2019, the site received Outline Planning Consent (ref: 18/00293/OUT at Cherwell District Council) for “…the development of car park and caravan park… comprise up to 63 apartments all within Use Class C3….”

• Outline plans propose 63 flats across three separate blocks.

• Any plans for adding any additional accommodation would require a new full planning permission.

• The indicative layout submitted with the planning application suggests a mix of 14 x 1 bed, 46 x 2 bed and 3 x 3 bed apartments. 19 apartments are to be Affordable Tenures.

• S106 Financial contributions are in the region of £346,668.

• Price – OIEO £3,000,000 (Three Million Pounds) subject to contract.