30-31 Northbrook Street, Newbury
£138.12 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,896 sq ft
269 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Ground Floor Retail Unit and Upper Parts
- Let to Gelarto UK Limited
- New 10 Year Lease Expiring 03.09.2035
- 2,896 sq ft (269.05 sq m)
- Prime Pedestrianised Pitch
- Investment Let at £50,000 p.a. (12.5% GIY on Guide Price)
Description
Arranged across ground, first and second floors, the ground floor is let to Gelarto UK LImited on a new 10 year lease expiring 03.09.2035 and paying £50,000 per annum. The lease includes a fixed uplift to £51,000 per annum in 2026.
The upper parts are sold off on a 999 year long leasehold at an annual ground rent of a peppercorn.
The property occupies a prime pitch fronting Northbrook Street, a pedestrianised, high footfall street comprising the principal retail amenity in Newbury. The street is characterised by a number of national retailers including Caffe Nero, Greggs and McDonalds. Parkway Shopping Centre is immediately to the rear of the property.
Brochures
30-31 Northbrook Street, Newbury
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newbury Station0.4 miles
- Newbury Racecourse Station0.8 miles
- Thatcham Station3.6 miles
Notes
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