21 Northbrook Street, Newbury, RG14 1DJ
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
Key features
- Let to Esquires Coffee (UK) Limited
- 10 Years from 10.05.2024(1)
- Pedestrianised Town Centre Location
- The property has been well fitted out to a high standard
- Possible future development potential to convert the upper floors into residential use (subject to the existing tenancy and all the necessary consents)
- Six Week Completion Available
- Investment Let at £52,000 p.a. (11.55% GIY on Guide Price)
Description
StrapLine
Auction Sale - 23/06/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteOf interest to Investors and Developers
A first class retail investment located in the centre of Newbury let on a 10 year lease from 10/05/2024(1) with future development potential to convert the upper floors to residential use (subject to planning and all the neccessary consents)
Investment let at £52,000 p.a.
Description
The property comprises an attractive three storey end of terrace property which forms part of an established shopping parade in the centre of Newbury.
The property is entirely let to one tenant and is operating as a Restaurant/Café with seating and service areas on the ground and first floors whilst ancillary accommodation is located on the 2nd floor.
Location
Newbury is an attractive and prosperous Berkshire market town located 14 miles west of Reading and 50 miles west of London
The property is located on the junction of Northbrook Street and Jack Street (a pedestrian cut through)
Occupiers close by include Mark & Spencer (adjacent), Robert Dyas (opposite), Tesco Express, Boots, Caffe Nero, HSBC, Pret A Manger and a number of national and local traders
Transport
The town is served by the A339 and A34, which provide access to the M4 Motorway (Junction 13) 3 miles to the north
Newbury Station provides frequent services to London Paddington (46 minutes), Reading, Exeter and Plymouth.
Tenancy
- Entirely Let to Esquires Coffee (UK) Limited
- 10 Years from 10.05.2024
- Rent review at the end of the 5th year
- Tenant's option to break 10.05.2030 (1)
- A rent deposit of £13,000 plus a sum equivalent to VAT is held.
Accommodation
Ground - 97.7 sq m (1,051,sqft)
First - 95.04sq m (1,023 sq ft)
Second - 29.95 sq m (322 sq ft)
Total Area - 222.69 sq m (2,397 sq ft)
Planning
The upper floors have the potential for future redevelopment into residential use (subject to the existing tenancy and all the necessary consents). All enquiries should be mede with the local authority:
21 Northbrook Street, Newbury, RG14 1DJ
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
Disclaimer - Property reference 225-23058. 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 Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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