15, The Broadway, Newbury, RG14 1AS
- Floor Area: 2,956 sq ft
Price: £750,000
- Business Rates Payable: Upon enquiry
Key Points
- For Sale Freehold
- Mixed Retail and Residential Investment
- Total Current Income £67,200 per annum
- 4 Flats Let as AST'S
- 2 Fully Let Retail Units
- Grade II Listed Building
Property Summary
FOR SALE FREEHOLD
MIXED RETAIL AND RESIDENTIAL INVESTMENT comprising two retail units together with four flats
MIXED RETAIL AND RESIDENTIAL INVESTMENT comprising two retail units together with four flats
Description
The property comprises 2 Retail Units together with 4 Flats as follows:-
FLAT A - Ground Floor approx 38 sq m gross
1 bed £950 pcm £11,400 per annum
FLAT B - Ground Floor approx 42 sq m gross
1 bed £900 pcm £10,800 per annum
FLAT C - Top Floor approx 41 sq m gross
1 bed £900 pcm £10,800 per annum
FLAT D - Top Floor approx 75 sq m gross
2 beds £1,100 pcm £13,200 per annum
RETAIL UNITS
UNIT 1 (LHS) approx 41.43 sq m [446 sq ft] - let for a term of 10 years from 11th October 2024. Tenant break and upward only rent review 3rd year.
Use. Coffee Shop. Current rent £10,500 per annum plus VAT.
UNIT 2 (RHS) approx 37.13 sq m [400 sq ft] - let for a term of 3 years from 11th October 2024.
Use. Tattoo Studio. Current rent £10,500 per annum plus VAT.
TOTAL CURRENT INCOME £67,200 PER ANNUM
Location
The 3 storey property is well located within The Broadway, Newbury. Occupiers close by include Dominos Pizza, Roderick Anthony Hairdressers and Co-op.
Legal Costs
Each party to pay their own legal costs in this transaction.
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
