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Budgens Monument Close

Essex Street, Monument Close, Newbury, RG14 6QW
For SalePOA
Property type: Retail
Tenure: Development Opportunity, Investment Opportunity
Price: POA
Location: Essex Street, Monument Close, Newbury, RG14 6QW
• A freehold retail investment situated in one of Berkshire’s more affluent suburbs.
• A large, prominent, well configured store over ground and first floor ancillary measuring 7,950 sq ft.
• Total income of £114,000 per annum.
• Let entirely to the strong covenant of Budgens Ltd until 24 June 2026.
• Future asset management opportunity to regear the lease with Budgens and add an additional floor subject to planning.
• Offers are invited in excess of £1,650,000 reflecting a Net Initial Yield of 6.46% assuming purchasers costs of 6.8
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