MHA has announced the sale of its 33,599 sq.ft. Banbury Cross Business Park office development, 1 Brookhill Way, to Charnwood Borough Council.
Jointly let to Lloyds Bank Plc and Lloyds Bank Commercial Finance Ltd since 2000 with approx. 5 years unexpired, Lloyds has continued to demonstrate its commitment to this purpose-built development, which comprises a three storey flexible office building and excellent car parking provision.
Located in the heart of the Oxford-Cambridge Arc, an area of significant economic potential, forecasting one million new jobs and one million new homes by 2050, the commercial property boasts excellent connectivity and local amenities, just 250 metres west of Junction 11 of the M40 Motorway, and three minutes’ walk from Banbury Gateway Shopping Park.
The 2.11 acre office development with flexible floorplates offers significant development potential subject to the necessary consents.
Hossein Abedinzadeh, Founder of MHA London commented: “We are delighted to have completed on the sale of 1 Brookhill Way, Banbury. High quality commercial office space of this nature is in short supply in the area, and the future development potential of the property itself, combined with longstanding tenants, Lloyds Bank, will correspond with the greater objectives of the Oxford-Cambridge Arc.”