Restaurant/cafe for sale in Cheap Street, Newbury RG14

Offers over £350,000 (£403.23/sq. ft)
Restaurant/cafe for sale 868 sq. ft*
Interested in this property? Call +44 1635 726759 * or Request Details

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Property 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.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Deal Varney, RG14 on +44 1635 726759 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Deal Varney, and do not constitute property particulars. Please contact Deal Varney for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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