The site is situated within Newbury Town Centre between Northbrook Street and West Street, close to local amenities such as high street shops, banks and popular places to eat and drink.
The site comprises of two buildings, being a two-storey church building and separate grade II listed school hall.
The outside space of the site mainly consists of car parking spaces, which would have previously been parking for the church building, but now provides ample parking for any development projects.
There has been a number of apartment style developments erected in the neighbouring sites, including a large retirement complex built by Churchill Retirement Living. We believe the site has development potential, subject to achieving relevant planning permissions.
As well as being a great opportunity for property developers, the site also provides an opportunity for those looking to purchase the site for community/quasi commercial uses
Ideally located in the heart of the market town of Newbury, situated in the county of West Berkshire lying on the edge of the Berkshire Downs. Newbury offers a wide array of local and high street amenities with the added benefit of a railway station boasting direct links to London Paddington (fast train to Paddington has an approx. Travel time of 41 minutes). There are also excellent road links via the A34 and M4 motorway, a convenient commute for those working in Reading, Oxford and Southampton.
Nia - 4,230 sq.ft 393 sq.m
Interested parties are advised to make their own enquiries of the Local Authority for confirmation.
Asset Rating - na
Rateable Value £
Source The 2021/2022 standard multiplier is 0.499 (4.99p payable per £1). The 2020/2021 small business multiplier is 0.499 (49.9p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
The freehold interest of the entire site is available to purchase, subject to contract and full vacant possession. There is also the opportunity to divide the site into two and offers are invited to purchase Site A or Site B individually (please see data room for site plan).
There will be a minimum marketing period of 6 weeks, to which we will then look to enter into receiving best bids from interested parties with a closing date to be confirmed.
Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.