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1 The Arcade, 1 The Arcade, Newbury

Guide price

£20,000

Auction

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • High Yielding Retail Investment
  • Ground Floor Retail Unit
  • Let to Private Individuals
  • Recently Signed Five Year Lease
  • Lease Expires 01.04.2031
  • Annual CPI Linked Reviews
  • 211 sq ft (19.6 sq m)
  • Pedestrianised Pitch
  • VAT-Free Investment
  • Investment Let at £6,500 p.a. (32.5% GIY on Guide Price)

Description

The property comprises a high yielding retail investment occupying a pitch on a pedestrianised thorughfare connecting two principal streets.

Arranged across ground floor only, the property is let to private individuals on a recently signed five year lease expiring 01.04.2031 and paying £6,500 per annum.

The lease is on internal repairing and insuring terms and includes annual rent reviews linked to CPI.

The property benefits from a frontage to The Arcade, a pedestrian thoroughfate connecting Batholomew Street and Market Square. Nearby occupiers include a number of boutique occupiers and national retailers including Zizzi, Lloyds Bank and Gails.

The former Kennet Shopping Centre is to the south and is currently undergoing redevelopment to provide 317 new homes.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

1 The Arcade, 1 The Arcade, Newbury

NEAREST STATIONS

National Rail

Newbury Station

0.21 miles

National Rail

Newbury Racecourse Station

0.72 miles

National Rail

Thatcham Station

3.54 miles

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Disclaimer - Property reference C1C956A9-16B6-4C00-B3C7-7087BC382134. 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 Savills National , Savills Auctions- Commercial. 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.