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Agent's details

49 Cheap Street, Newbury, RG14 5BX

For sale: £350,000.00|868 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£350,000.00
SIZE868 Sq Ft
ADDRESS49 Cheap Street, Newbury, RG14 5BX
TYPERetail - High Street, Retail
TENUREInvestment Opportunity
POSTED ON30th September 2021

Description

INVESTMENT
Tenancy - The entire property was let in September 2021 on the following terms;

• 10 year lease excluded from the security of tenure and compensation provisions of the Landlord & Tenant Act 1954.
• Full repairing and insuring with Schedule of Condition.
• Annual rent £25,000 per annum, exclusive of all other outgoings.
• 5 year upward only rent review.
• Tenant only break at the end of the 5th year with 6 months notice and no penalty.
• Lease held by Imperial Grill Limited, Company Registration No: 12789182.
• The tenant also trades from a property in Didcot.

TERMS
The building is for sale freehold, subject to the existing lease. It should be noted that part of the property is a flying freehold as it extends out over the adjoining building. Full details will be provided in the legal pack.

Location

marker
Location: 49 Cheap Street, Newbury, RG14 5BX

Newbury (0.1 miles)

Newbury Racecourse (0.7 miles)

Thatcham (3.4 miles)

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