Commercial property for sale in Bayer House, Strawberry Hill, Newbury RG14

Key Points

Description

The property is a substantial former multi-storey office building, arranged over three floors and basement. The property contains an impressive lobby area, with external landscaping and communal areas, together with a purpose-built multi-storey car park, providing approximately 200 parking spaces.

The property is currently part way through a conversion to provide 191 residential flats.

Location

The property is in Newbury, Berkshire, equidistant between Basingstoke (15 miles to the south-east) and Reading (17 miles to the north-east) and 55 miles east of London. Newbury together with the adjoining town of Thatcham, has a population of approximately 70,000 people.

Bayer House is on Strawberry Hill a short walk from the town centre, which offers a wide range of amenities and a substantial retail offering including national tenants such as Marks and Spencer, Pret a Manger, Costa Coffee, Boots, Sainsburys and Tesco’s, as well as independent shops and restaurants.

Newbury train and bus station are less than a 10-minute walk from the property. Train services into London Paddington at peak times run every half an hour and provide a quickest journey time of 39 minutes, making Newbury an increasingly popular and affordable commuter town.

The town is well connected by road, with Junction 3 of the M4 Motorway 3 miles from the town centre providing access to London and Reading to the east and Swindon and Bristol to the west. The A34 runs west of the town, providing access to Oxford to the north and Southampton to the south.

Availability_Text

The accommodation comprises the following areas:

Planning

The property was granted prior approval for conversion into 191 flats (reference 18/01904/pacou) on 24th September 2018.

The planning consent is subject to one pre-commencement condition and three preoccupation conditions. All pre-occupation and pre-commencement conditions have been discharged.

On 6th February 2023 external alterations associated with Prior Approval 18/01904/pacou were also granted consent (reference 23/00115/fulmaj). The planning consent contains two pre-commencement conditions. One precommencement condition has been discharged; the other requires a non-material amendment application, which has been submitted but which is awaiting approval.

Proposal

Offers are invited for the Freehold interest by no later than 5pm on Friday 12 July 2024. An Offer Requirements & Conditions notice is provided within the data room.

VAT, if applicable, will be payable at the prevailing rate.

Each party is to be responsible for their own costs.