The Old Malthouse Banbury gets a new lease of life
The Old Malthouse, an elegant Grade II listed building comprising circa 10,000 sq. ft. with a residential development site, has been sold by White Commercial (acting for a private investor) to Morrison Property Developments.
The property was originally built in 1830 by the Austin Brewery Company as a malting house and was converted to offices then subsequently let to Alcatel Telecom by Chris White in the 1990’s. The building has been purchased with the purpose of converting the space into live/work accommodation.
Morrison Property Consultants are working closely with the Planning and Heritage Departments at Cherwell Council, as well as local architects Acanthus Clews. In order to allow for appreciation of the marvellous timber roof structure, Acanthus Clews have envisioned a spectacular atrium, which will allow more fenestration for the flats onto the live/work space to the benefit of all residents.
Nigel Morrison, Director at Morrison Property Consultants Ltd, comments “This is a fascinating project and our architects Acanthus Clews have been diligent and most innovative in creating our proposed scheme for 25 flats. We are hopeful that, subject to planning permission, Banbury will soon have its own iconic live/work space and that the Grade II listed Old Malthouse will commence its next journey in life in very good order. We have been very impressed with White Commercial and they have continued to be of assistance long after we completed the purchase.”
Chris White, Managing Director at White Commercial Surveyors, comments “This spectacular building constructed by the once well-known Austin Brewery Company has seen a number of transformations. We had a good deal of interest in the property from residential developers but am delighted that Morrison Property Consultants have purchased the property
as they are focused upon providing an outstanding residential live/work scheme/accommodation in this popular location in Banbury Town Centre. White Commercial have been particularly successful in selling Commercial Property for conversion on the region by virtue of the Government’s ‘Permitted Development’ Legislation which has greatly assisted the ease of conversion of mainly obsolete office stock to provide valuable residential accommodation on town centres.”