2 bedroom retail property (high street) for sale

Cheap Street, Newbury, Berkshire, RG14

Sold STC 529 sq. ft. | £250,000

Property Description

Commercial information

  • 529 sq ft (49 sq m)

Key features

  • Take away consent granted
  • Busy footfall

Full description

Tenure: Freehold

LOCATION
The property is located in the busy Cheap Street area, very close to the Station Approach junction. The railway station is only a few minutes walk away and the cinema, Kennet Centre and market place are also very close.

DESCRIPTION
The property is a brick built terrace building with ground floor lock up shop with rear access to a two bedroom flat above. The shop can be taken as a lock up unit and at present there is the possibility of accommodation above becoming available at the end of the short hold tenancy. Alternatively the freehold of the whole could be brought with part income from the flat.

PLANNING
The planning has A3/A5 hot food takeaway consent (15/02574).

ACCOMMODATION

Ground Floor retail shop: 443 sq ft
Rear office: 86 sq ft
Total: 529 sq ft / 49 sq m

There is a single WC to the ground floor.
Areas have been calculated on a net lettable basis in accordance with the RICS Code of Measuring Practice (6th Edition).

Flat: 2 bed first floor flat, shower room, kitchen, gas central heating.

TERMS
The property is available on new full repairing and insuring lease on terms to be agreed.

RENT
Shop: 11,500 per annum

Flat: The flat is currently let on an AST for 12 months with effect from May 2015 at 8,340 per annum.

FREEHOLD
250,000
(Shop and flat can be let/sold separately)

RENT DEPOSIT
Subject to covenant status the landlord may require a rent deposit to be held for the duration of the lease.

SERVICE CHARGE
If the ground floor is taken alone there will be a small service charge for the ongoing repair and maintenance of the building as a whole.

EPC
Shop E102, Flat C75

BUSINESS RATES
We have been advised by West Berkshire District Council that the Rateable Value is: 10,500 with Rates Payable of: 5,040 for 2016/17. We recommend all interested parties make their own enquiries with West Berkshire District Council to ensure this information is correct.

The residential accommodation will be subject to community charge.

The property is above the minimum level for 100% relief under the small business relief system. However, there is a tapered relief which, under current legislation, will allow a discount on the amount paid. Future budgets may alter these allowances.

NB. Please note that you should personally check this information direct with West Berkshire Council and this property may be affected by the Newbury BID surcharge on Business Rates.

VIEWING
By strict appointment please with the Joint Agents Brunsden Associates
01635 255501 property@brunsden.com www.brunsden.com and Deal Varney 01635 550211

Notice is given that these particulars do not constitute any part of an offer or a contract, and no representation or warranty whatever in relation to the property is intended to be given or implied by the lessor/vendor or its agents, Brunsden Associates. A prospective lessee/purchaser must be satisfied by inspection or otherwise as to the correctness of all statements contained in these particulars. Please note that some photographs have been taken with a wide-angle lens.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Newbury (0.1 mi)
  • Newbury Racecourse (0.6 mi)
  • Thatcham (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brunsden Associates, Newbury

The Old Axe & Compass, East End, Newbury, Berks, RG20 0AA

01635 906034 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Newbury (0.1 mi)
  • Newbury Racecourse (0.6 mi)
  • Thatcham (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Brunsden Associates, Newbury

The Old Axe & Compass, East End, Newbury, Berks, RG20 0AA

01635 906034 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference R10236. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brunsden Associates, Newbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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