148 Kings Road, Newbury, Berkshire, RG14 5RG

Situation

The property is situated on Kings Road, Newbury. Kings Road is now a main link via Hambridge Road East / West in Newbury between the A339 and A4.

Nearby occupuiers include Sainsburys, Mole and Newbury Tools.

Description

The property is split into four distinct parts; the first parts are set within the front two-storey brick-built building formerly a single dwelling. This has now been split to provide ground floor office space which includes two offices, garage storage, kitchen and WC, and first floor one-bedroom apartment comprising living room, bathroom, bedroom and kitchen. The office could be converted to another flat.

Access is available down the side of the property leading to what was a garden, and beyond, a large storage building currently split into two.

The storage building is a brick-built building with a flat felt room. Unit 1 includes concrete floor, barn style entrance double doors, strip lighting and window to the front.

Unit 2 includes roller shutter door, pedestrian door, concrete floor, WC, suspended ceiling with Category 2 lighting with both units benefitting from 3-phase power.

To the front of the site, there is parking at the front of the office for approximately two vehicles, and in the middle of the site, there is parking for a further four vehicles, but more could be created if the gardens etc. were cleared.



Proposal

The property is available to purchase freehold. Offers are sought in the region of £350,000. VAT is not applicable.



Viewing

Contact Shane Prater on or Email

Service Charge

The current rents payable are:-

1. Unit 1 (rear) - £350 per calendar month (£4,200 per annum).
2. Unit 2 (rear) - £390 per calendar month (£4,680 per annum).

The property should generate the following rents:-

1. Ground floor office (front) - £550 per calendar month (£6,600 per annum exclusive).
2. First floor apartment - £700 per calendar month (£8,400 per annum exclusive).
3. Unit 1 (rear) - £730 per calendar month (£8,760 per annum exclusive).
4. Unit 2 (rear) - £854 per calendar month (£10,250 per annum exclusive).

Potential rental income £34,010 per annum exclusive.