15, The Broadway, RG14

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Key Points

Summary

FOR SALE FREEHOLD
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 £725 pcm £8,700 per annum.

FLAT B - Ground Floor approx 42 sq gross
1 bed £850 pcm £10,200 per annum.

FLAT C - Top Floor approx 41 sq m gross
1 bed £875 pcm £10,500 per annum.

FLAT D - Top Floor approx 75 sq m gross
2 beds £820 pcm £9,840 per annum.

RETAIL UNITS
UNIT 1 (LHS) approx 41.43 sq m [446 sq ft] - let for a term of 5 years from 1st June 2021. Tenant break and upward only rent review 3rd year.
Use. Coffee Shop. Current rent £9,000 per annum plus VAT.

UNIT 2 (RHS) approx 37.13 sq m [400 sq ft] - let for a term of 5 years from August 2018.
Use. Tattoo Studio. Current rent £9,000 per annum plus VAT.

TOTAL CURRENT INCOME £57,240 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.

Terms

Our client is seeking offers of £850,000 plus VAT for the Freehold subject to and with the benefit of the various lettings.

Availability_text

The accommodation comprises of the following:
Retail Unit 1 (LHS) Approx 41.43 sq m [446 sq ft] - let for a term of 5 years from 1st June 2021. Tenant break and upward only rent review 3rd year.
Use Coffee Shop. Current rent £9,000 per annum plus VAT.

Retail Unit 2 (RHS) Approx 37.13 sq m [400 sq ft] let for a term of 5 years from August 2018.
Use Tattoo Studio. Current rent £9,000 per annum plus VAT.

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.