38A & 38B Bartholomew Street, Newbury, West Berkshire, RG14 5LL

Situation

The property is located on Bartholomew Street near to the junction with Market Street. Nearby occupiers include Jones Robinson Estate Agents, Tax Assist Accountants and Willow & Bloom Florist.

Description

The property comprises two ground floor retail units with two, one-bedroomed flats above, set within a terrace of similar properties.

Ground floor of 38a is occupied as an Indian takeaway and includes front retail/collection area with kitchen and prep area behind together with stores and WC.

38b will be available vacant and includes main retail area with separate work room and to the rear stores and WC facility.

Both flats are generally identical and include a communal entrance lobby leading to hallways in each flat, off which is access to one bedroom, bathroom, sitting room and kitchen.

The property can be purchased with vacant possession or with the benefit of the lease at 38A which is for a term of 20 years, expiring May 2038. The rent passing is £12,000 per annum. The upper floors have tenants with no formal agreement in place, providing a total income of £14,040 per annum. Total current income £26,040 per annum exclusive.


Accomodation

38a Bartholomew Street. Sq.M Sq.Ft
Ground Floor - Retail Area 29.42 317
Rear Area (including Kitchen store and WC) 16.619 179
Subtotal 46.04 496
38b Bartholomew Street.
Ground Floor 40.276 434
Flat 38a 45.14 486
Flat 38b 44.858 483
Total 176.31 1,899


Proposal

The property is available freehold and we are to seek offers in excess of £300,000. VAT is applicable.

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