Prominent 3-storey property situated in prime retail and F&B; town centre location, customer areas over 2 floors. Guide rent £49,000 pax.
A 3-storey end of terrace property being of brick construction with wooden frame ground shop front and painted elevations (and part exposed brick to side). The return / rear of the property is 2-storeys under a pitched roof. This frontage also benefits from ingress and egress to ground and first floors. Ground floor comprises open plan trade area with service counter and dumb waiter to one side and accessible WC and seperate baby change area to the rear. First floor comprises additional two-section trade area, wash-up section and dumb waiter section, unisex WCs and two stores. Second floor comprises modern trade kitchen, dumb waiter and walk-in-fridge.
For a scheduled appointment please contact sole letting agents Savills. The property is currently closed.
Newbury is an important regional market town located in Berkshire approximately 60 miles west of London, 28 miles south of Oxford and 18 miles west of Reading. The town benefits from access to well known walkways along the Kennet & Avon Canal (which passes directly through the town centre) and is also the home of Newbury Racecourse, Donnington Castle, the Corn Exchange and The Watermill Theatre. Highclere Castle is 8 miles to the south. The property occupies a prominent location on the pedestrianised section of Northbook Street with a return frontage to Jack Street. Pedestrian access to Parkway Shopping Centre is less than 25 metres to the north. The immediate area comprises a typical mix of well known High Street retailers and hospitality operators; adjacent is Marks & Spencer with Tesco Metro, Cafe Nero and Cobrizo Lounge (Loungers) all close by.
Leasehold. Rental offers of £49,000 per annum exclusive of VAT are invited for the benefit of a new lease with terms to be agreed. There is no service charge applicable. Suitable security will be required, subject to consent. Stamp Duty Land Tax may be applicable on the lease; please seek advice. The property is on the 2017 Rating List with a Rateable Value of £61,000. The national standard multiplier is £0.512.
The property is to be delivered as seen. The property benefitted from an extensive refurbishment in 2018 and is well presented throughout. M&E; includes kitchen extract and mechanical dumb waiter to lower floors.
Prime Use Class E unit in Newbury
The property has an EPC rating of E-122.
We understand the property benefits from Use Class E (Commercial) effective from 1 September 2020 which allows a variety of operational uses including former A1 (retail), A2 (business services/office), A3 (cafe / restaurant). For full details on uses please refer to Town and Country Planning (Use Classes) Order 1987 (as amended). Please seek specialist advice if required.
Newbury (0.4 miles)
Newbury Racecourse (0.8 miles)
Thatcham (3.6 miles)