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Retail premises for sale

£850,000 (£288.14/sq. ft)

15, The Broadway, Newbury RG14

Retail premises for sale 2,950 sq. ft*
Interested in this property? Call +44 1256 700043 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Key Points

  • For Sale Freehold
  • Mixed Retail and Residential Investment
  • Total Current Income £57,240 per annum
  • 4 Flats Let as ast's
  • 2 Fully Let Retail Units
  • Description

    The property comprises 2 Retail Units together with 4 Flats as follows:-


    Flat A
    - Ground Floor approx 38 sq m gross


    1 bed £725 pcm £8,700 per annum.


    Flat B
    - Ground Floor approx 42 sq gross


    1 bed £850 pcm £10,200 per annum.


    Flat C
    - Top Floor approx 41 sq m gross


    1 bed £875 pcm £10,500 per annum.


    Flat D
    - Top Floor approx 75 sq m gross


    2 beds £820 pcm £9,840 per annum.


    Retail units


    Unit 1 (lhs) approx 41.43 sq m [446 sq ft] - let for a term of 5 years from 1st June 2021. Tenant break and upward only rent review 3rd year.
    Use. Coffee Shop. Current rent £9,000 per annum plus VAT.

    Unit 2 (rhs) approx 37.13 sq m [400 sq ft] - let for a term of 5 years from August 2018.
    Use. Tattoo Studio. Current rent £9,000 per annum plus VAT.

    Total current income £57,240 per annum

    Location

    The 3 storey property is well located within The Broadway, Newbury. Occupiers close by include Dominos Pizza, Roderick Anthony Hairdressers and Co-op.

    Terms

    Our client is seeking offers of £850,000 plus VAT for the Freehold subject to and with the benefit of the various lettings.

    Legal Costs

    Each party to pay their own legal costs in this transaction.

    Anti Money Laundering

    To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers and tenants where legislation requires us to do so.

    Property info

    * Sizes listed are approximations. Please contact the agent to verify actual sizes.

    Arrange Viewing

    For more information about this property, please contact
    London Clancy, RG21 on +44 1256 700043 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by London Clancy, and do not constitute property particulars. Please contact London Clancy for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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