Mixed-useBerkshire35424 The Broadway, Newbury RG14 1AU, UK

Mixed-Use investment – Newbury RG14 1AU

24 The Broadway, Newbury RG14 1AU, UK
  • 3940 sq ft
£950,000
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Description

  • Description:

    We are pleased to bring to market this excellent investment opportunity. The property is a mixed-use property with commercial space on ground floor and flats on the uppers. The ground floor comprises 2 units which are trading as a barber (26) and a restaurant (24).

    The uppers of 24 are included in the tenant’s commercial lease and are classed as auxiliary space. The uppers of 26 consist of 2x 1-bedroom flats which are vacant and ready to let.

    The building is an elegant three-story structure with a brick façade and sash windows and detailed brick moulding which enhances the overall presentation.

    Key points:

    • Mixed use property
    • Freehold of 24 and ground floor of 26, long leases of uppers of 26 (123 yrs left)
    • Total approx. area is 366 sqm / 3,940 sq ft
    • Price: £950,000 + vat
    • Rental income of £50,950.00 p.a.
    • Two vacant flats offering immediate asset management opportunity
    Unit sqm sq ft rent expires Tenure
    1 24 Commercial GF, FF & SF Restaurant 174 1,872 £39,000 13/11/2032 FRI Freehold
    2 26 Commercial GF Barber 98 1,054 £11,950 10/05/2032 FRI Freehold
    3 26A Flat A FF 1 bedroom 50 538 Leasehold
    4 26B Flat B SF 1 bedroom 44 473 Leasehold

     

    Location:

    Newbury is a market town in west Berkshire, between Oxford and Winchester and 20 miles west of Reading. It has a population of 33,800. Newbury and its immediate surroundings constitute the major commercial and retail centre of West Berkshire.

    The property is located on The Broadway, which is the junction between Oxford Street and London Road, just north of the town centre. It is close to parks including Northcroft Park and has all amenities close by including a schools, hospitals, museums and restaurants. It is a 15-minute walk to Newbury train station.

    Occupiers close by include Waitrose, Premier Inn, Aldi and a range of local and national retailers.

    Vanderwald Estates have represented the information here based on information provided by the vendor. All potential buyers should only rely on their own due diligence and inspections.

Location

Documents

  • Documents:
    FOR-SALE-24-26-The-Broadway-Newbury-RG14-1AU.pdf 481.20 KB

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