Finance House in Banbury, recently acquired by LPI Properties, has just undergone a six-figure sum refurbishment of the second floor office suite. Finance House now provides offices of 5,000 to 11,000 sq ft in a prominent building close to junction 11 of the M40 motorway.
The offices benefit from raised access floors, full air conditioning, secure access to the building and excellent car parking with one space for every 160 sq ft of the property. The building also benefits from EV charging points and rooftop solar panels.
Chris White, managing director of White Commercial Surveyors, said: “We have witnessed a reduction in the supply of office accommodation along the London to Birmingham M40 by over 60% in the past 10 years. This, coupled with a significant residential and commercial growth of the region, provides occupiers with very few opportunities for modern office accommodation. The quoting rent is half that of similar properties in Oxford and Warwick and yet the communications afforded by the M40 corridor are excellent.
Stephen Bell, director of LPL Properties, commented: “We are delighted to have acquired Finance House which already benefits from a strong tenant profile with Lloyds TSB and Lagan Homes both in occupation. We recognised that the third floor accommodation was tired and are confident that the recently completed extensive refurbishment works will be attractive to the occupier market.”