150-151 & 1 The Arcade, Bartholomew Street, Newbury, Berkshire, RG14 5HB

Situation

The property occupies a central position within Newbury Town Centre. The property lies at the corner of Bartholomew Street and The Arcade with large return frontage. Mansion House Street and Northbrook Street are within a minutes walk.

Nearby occupiers include Lloyds Bank Plc, British Red Cross, Holland & Barrett and Gails.


Description

The property comprises 2 ground floor retail units situated on Bartholomew Street & The Arcade, Newbury.

151 Bartholomew Street is accessed via a recessed doorway leading to a retail area with a further retail area including with return frontage to the arcade. Stairs lead to a small kitchenette and WC and then beyond to a basement below. In the main, the property includes vinyl flooring, large display windows all around, LED lights, WC, sink and large window shutters.

1 The Arcade comprises a lock up retail unit with recessed doorway, shop front, range of lighting and shutters.


Proposal

The property is available to purchase freehold. The quoting price is £265,000.

VAT is not applicable.

Viewing

Contact Shane Prater on or Email:

Service Charge

The property is let as follows:-

151 Bartholomew Street - Let to Kiri Lynn Gardner for 5 years from 2025 at £20,000 per annum exclusive. The tenant has a break and rent review at year 3.

1 The Arcade - The property is let on a new 5 year lease at £6,500 per annum exclusive.

First Floor Flat - sold on long lease until 23/07/2138. Ground Rent £100 per annum

Second Floor Flat - sold on long lease until 23/07/2138. Ground rent £100 per annum.

Total income £26,700 per annum exclusive