A historic Burford hotel has gone on the market with a guide price of about £1.5m.

The Cotswold Gateway Hotel (pictured above) comprises an 18th Century inn with 15 en-suite bedrooms.

In addition, a 0.56 acre adjacent plot with planning consent for eight two-bedroom apartments is to be offered separately at a guide price of £800,000.

Paul Barrasford, director of Oxford-based agents Savills' hotels, said: "The Cotswold Gateway is a fantastic opportunity to acquire a character property.

"It has a strong accommodation business and great potential for increase in food and beverage income, with some 150 covers in the bar, restaurant and coffee shop."

n New Star Property, advised by Strutt & Parker, has bought the Exel Distribution Unit in Banbury from Standard Life for £11.3m. The 113,530 sq ft unit is let to logistics operator Exel Europe with 12 years remaining at £706,250 per annum.

Simon Bland, partner at Strutt & Parker's National Markets - Investment Agency, said: "This is a prime distribution unit with a strong covenant and excellent communications, located immediately next to Junction 11 of the M40."