Further Investment into the recently acquired finance house in Banbury

Finance House, recently acquired by LPI Properties Limited, has just undergone a six-figure sum refurbishment of the second floor office suite. Finance House now provides high quality offices of 5,000 to 11,000 sq. ft in this prominent building close to junction 11 of the M40 motorway and adjacent to 24 hour Tesco Extra. 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 comments “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 Limited comments “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 3rd floor accommodation was tired and are confident that the recently completed extensive refurbishment works will be attractive to the occupier market.”

Further details can be found at www.whitecommercial.co.uk