Sundial House, Carnegie Road, Newbury, West Berkshire, RG14 5DJ
Size
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Tenure
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EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- GROUND RENT INVESTMENT FOR SALE
- 7 APARTMENTS PRODUCING £1,400 PER ANNUM
- RENTS DOUBLE ON 1ST JANUARY 2039 AND EVERY 25 YEARS THEREAFTER
Description
The property is situated on the corner of Cheap Street accessed from Carnegie Road, Newbury. The property is highly visible from the A339 being located close to Newbury's Mainline railway station which serves London Paddington.
Description
The property comprises 7 apartments sold off on long leases.
The leases are for 125 years from 1st January 2014, with rent payable per apartment currently £200 per annum (Total £1,400 per annum) until 1st January 2039. The rents then double every 25 years thereafter.
The property also generates a management fee of £716.
Proposal
Offers are sought in excess of £25,000. VAT is applicable.
Viewing
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- Listed building
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Brochure
Sundial House, Carnegie Road, Newbury, West Berkshire, RG14 5DJ
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Disclaimer - Property reference 5677FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Quintons (Commercial) Limited, Newbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.