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4 bedroom commercial development for sale

Cheap Street, Newbury, Berkshire, RG14 5BX

Guide Price* £240,000

Property Description

Full description

Tenure: Freehold

A vacant three storey freehold building comprising ground floor commercial unit with planning for change of use to A1, A2, A3, A4, A5 or Sui Generis (Application No. 16/02241/FUL). Planning permission granted to create a 2 bedroom duplex across the first and second floors (Application No. 16/02585/LBC2).

Ground Floor: L shaped retail space, including WC measuring approximately 806 Sq Ft. Potential rental income £15k pa.
First Floor/Second Floor: Planning permission has been granted to create a 1 x 2 bedroom duplex flat (Application No. 16/02585/LBC2).
Energy Rating: D/93

Estimated Rental Value : £27,000 pa


Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a reserve (unless otherwise stated). The reserve is a figure below which the auctioneer cannot sell the property during the auction. The reserve will be within the guide range or no more than 10% above a single figure guide.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Network Auctions, UK on 020 7871 0420.

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