£500,000
(£111.83/sq. ft)
Retail premises for saleBartholomew Street, Newbury RG14
4,471 sq. ft
Just added
About this property
Summary
Affluent and attractive South East town
Prominent town centre position
Situated adjacent to the former Kennet Shopping Centre which is undergoing a major redevelopment
Ground floor let to Subway franchisee on new 15-year lease from May 2026
Fully let upper parts
Total income £55,000 per annum
Future potential to convert the upper parts to residential use
Freehold
Offers in excess of £500,000, subject to contract
10.5% net initial yield
Location
Newbury is an affluent and attractive market town within the M4 Corridor. The town is located approximately 96 km (60 miles) west of Central London, 32 km (20 miles) west of Reading and 45 km (28 miles) south of Oxford.
Situated on the River Kennet and the Kennet and Avon Canal, Newbury is steeped in history and surrounded by some of the UK’s most outstandingly beautiful countryside. It is also the centre of the West Berkshire administrative area (population 161,000 as at 2021). Its geographical position and road and rail communications is expected to underpin its ambitions to grow as a preferred location for innovative and technology-based businesses. Newbury is located at the crossroads of the M4 Motorway, and the north- south A34 dual carriageway connecting the south coast to Oxford and beyond. The town is connected to the national railway network with a current fastest journey time to London Paddington of 42
Minutes (50 miles). Network Rail have recently electrified the route between Newbury and London which will result in more frequent services and even faster journey time.
Newbury boasts many historical attractions and places of interest as well as a world-famous racecourse.
Situation
The property is situated within the heart of the town centre, occupying a prominent corner position on Bartholomew Street, at its junction with Market Street.
Newbury train station is an approximate three-minute walk to the south.
The property benefits from being adjacent to the former Kennet Shopping Centre, which is undergoing a major redevelopment known as the ‘Old Town’ project. A planning application was approved by West Berkshire Council in September 2025 for the partial demolition of the existing building on site and the development of 317 new homes along with the provision of five new commercial units fronting Bartholomew Street and Market Place. The existing Vue cinema is set to remain in place, and the centre is served by a 500-space car park. For further information see .
The town’s main pedestrianised retailing pitch of Northbrook Street including Parkway Newbury Shopping Centre is a five-minute walk to the north. Parkway Newbury comprises over 44,129 sq m (475,000 sq ft) of retail, restaurants and accommodation anchored by Marks & Spencer and Next. Other national retailers represented include H&M, New Look, Fat Face, Primark, Waterstones and Clarks.
Description
The property is a detached commercial building arranged over ground and three upper floors.
The ground floor comprises a retail unit occupied by Newbury Foods Limited, trading as Subway.
The first floor is occupied by Clay & Co and comprises a new pottery studio.
The second and third floors are occupied by Good Vibes Music Academy as a music showroom, tuition rooms and recording studio.
The property has an EPC rating of C, valid until June 2033.
Accommodation
The property has been measured by bkr Floor Plans and provides the following accommodation:
Net Internal Areas:
Ground Floor 81.66 sq m 879 sq ft
First Floor 84.45 sq m 909 sq ft
Second Floor 76.46 sq m 823 sq ft
Third Floor 58.99 sq m 635 sq ft
Total 301.55 sq m 3,246 sq ft
Gross Internal Areas;
Ground Floor 112.69 sq m 1,213 sq ft
First Floor 116.03 sq m 1,249 sq ft
Second Floor 102.38 sq m 1,102 sq ft
Third Floor 84.26 sq m 907 sq ft
Total 415.36 sq m 4,471 sq ft
A set of floorplans is available to download.
Tenure
Freehold.
Tenancies
Ground Floor
Let to Newbury Foods Limited, t/a Subway, on a new 15-year lease from 14th May 2026, expiring on 13th May 2041 at a passing rent of £20,000 per annum. There is a tenant’s break option on 13th May 2031, subject to six months’ notice. The lease is inside 1954 Act protection.
A rent deposit of £10,000 is held by the Landlord, and the lease is guaranteed by the company director.
The tenant benefits from a six-month rent-free period expiring on 13th November 2026. The vendor will top-up the income by way of an appropriate adjustment on the completion sum, in order that an investor does not suffer an income shortfall.
First Floor
Let to Clay & Co Newbury Limited on a new 5-year lease from 14th November 2025, expiring on 13th November 2030 at a passing rent of £10,416.67 per annum. There is a tenant break option on 14th May 2028, subject to three months’ notice. The lease is outside 1954 Act protection.
The lease benefits from a fixed rental increase to £12,500 per annum on 14th November 2026. The vendor will top-up the rent to this figure.
A rent deposit of £3,750 is held by the Landlord.
Second & Third Floors
Let to Good Vibes Music Academy cic for a term of 10 years from 30th May 2024, expiring on 29th May 2034 at a passing rent of £22,500 per annum. There is a tenant’s break option on 30th May 2029, subject to six months’ notice. The lease is outside 1954 Act protection.
Therefore, an investor will benefit from a total income of £55,000 per annum.
Covenants
Newbury Foods Limited is a franchisee of Subway.
The Subway brand began in 1965 in the usa and has grown to become one of the world’s largest restaurant brands, serving customisable and signature sandwiches, wraps and salads to millions of guests, across more than 100 countries in more than 37,000 restaurants every day. Subway restaurants are owned and operated by a franchisee network that includes more than 20,000 entrepreneurs and small business owners. For further information please visit .
A rent deposit of £10,000 is held by the Landlord, and the lease is personally guaranteed by the company director.
Clay & Co is a pottery studio offering one-day workshops, six-week classes, and membership options to the art community. For further information visit . A rent deposit of £3,750 is held by the Landlord.
Good Vibes Music Academy provides high-quality and engaging rock, pop and electronic lessons with a team of pro musicians. Good Vibes is a place for students to develop their skills, play with others, be creative, gain confidence and perform at their very best. The company teaches guitar, bass, drums, ukelele, piano, keyboard, vocals, dj, music production, brass & woodwind. Lessons take place at their high-street studio in Newbury and at local partner schools. For the year ending 31st August 2025, the company reported Net Assets of £47,624. For further information visit .
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (togc).
Upper Floors Potential
We suggest there is future potential to convert the upper floors to residential use. In July 2021 planning permission was granted for change of use of the first, second and third floors to form five residential flats. Whilst this consent has now lapsed, the previous approval demonstrates the potential for residential conversion of the upper floors, subject to obtaining all necessary consents.
Proposal
We are instructed to seek offers in excess of £500,000 (Five Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 10.5%, assuming purchasers’ costs of 4.70%.
Please note that a purchaser will be re-charged the cost of the searches (£1,760.80) which are provided in the data room.
Investment Considerations
An opportunity to acquire an attractive commercial investment in an affluent South East town;
The property occupies a prominent position in the heart of Newbury town centre;
Situated adjacent to the former Kennet Shopping Centre which is undergoing a major redevelopment;
Ground floor let to a Subway franchisee on a new 15-year lease from May 2026;
First Floor let on a new lease from November 2025;
Future potential to convert the upper floors to residential use;
Freehold;
A purchase at the asking price will provide an investor with an attractive yield;
An attractive lot size to an investor.
For full details please visit our website
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
Affluent and attractive South East town
Prominent town centre position
Situated adjacent to the former Kennet Shopping Centre which is undergoing a major redevelopment
Ground floor let to Subway franchisee on new 15-year lease from May 2026
Fully let upper parts
Total income £55,000 per annum
Future potential to convert the upper parts to residential use
Freehold
Offers in excess of £500,000, subject to contract
10.5% net initial yield
Location
Newbury is an affluent and attractive market town within the M4 Corridor. The town is located approximately 96 km (60 miles) west of Central London, 32 km (20 miles) west of Reading and 45 km (28 miles) south of Oxford.
Situated on the River Kennet and the Kennet and Avon Canal, Newbury is steeped in history and surrounded by some of the UK’s most outstandingly beautiful countryside. It is also the centre of the West Berkshire administrative area (population 161,000 as at 2021). Its geographical position and road and rail communications is expected to underpin its ambitions to grow as a preferred location for innovative and technology-based businesses. Newbury is located at the crossroads of the M4 Motorway, and the north- south A34 dual carriageway connecting the south coast to Oxford and beyond. The town is connected to the national railway network with a current fastest journey time to London Paddington of 42
Minutes (50 miles). Network Rail have recently electrified the route between Newbury and London which will result in more frequent services and even faster journey time.
Newbury boasts many historical attractions and places of interest as well as a world-famous racecourse.
Situation
The property is situated within the heart of the town centre, occupying a prominent corner position on Bartholomew Street, at its junction with Market Street.
Newbury train station is an approximate three-minute walk to the south.
The property benefits from being adjacent to the former Kennet Shopping Centre, which is undergoing a major redevelopment known as the ‘Old Town’ project. A planning application was approved by West Berkshire Council in September 2025 for the partial demolition of the existing building on site and the development of 317 new homes along with the provision of five new commercial units fronting Bartholomew Street and Market Place. The existing Vue cinema is set to remain in place, and the centre is served by a 500-space car park. For further information see .
The town’s main pedestrianised retailing pitch of Northbrook Street including Parkway Newbury Shopping Centre is a five-minute walk to the north. Parkway Newbury comprises over 44,129 sq m (475,000 sq ft) of retail, restaurants and accommodation anchored by Marks & Spencer and Next. Other national retailers represented include H&M, New Look, Fat Face, Primark, Waterstones and Clarks.
Description
The property is a detached commercial building arranged over ground and three upper floors.
The ground floor comprises a retail unit occupied by Newbury Foods Limited, trading as Subway.
The first floor is occupied by Clay & Co and comprises a new pottery studio.
The second and third floors are occupied by Good Vibes Music Academy as a music showroom, tuition rooms and recording studio.
The property has an EPC rating of C, valid until June 2033.
Accommodation
The property has been measured by bkr Floor Plans and provides the following accommodation:
Net Internal Areas:
Ground Floor 81.66 sq m 879 sq ft
First Floor 84.45 sq m 909 sq ft
Second Floor 76.46 sq m 823 sq ft
Third Floor 58.99 sq m 635 sq ft
Total 301.55 sq m 3,246 sq ft
Gross Internal Areas;
Ground Floor 112.69 sq m 1,213 sq ft
First Floor 116.03 sq m 1,249 sq ft
Second Floor 102.38 sq m 1,102 sq ft
Third Floor 84.26 sq m 907 sq ft
Total 415.36 sq m 4,471 sq ft
A set of floorplans is available to download.
Tenure
Freehold.
Tenancies
Ground Floor
Let to Newbury Foods Limited, t/a Subway, on a new 15-year lease from 14th May 2026, expiring on 13th May 2041 at a passing rent of £20,000 per annum. There is a tenant’s break option on 13th May 2031, subject to six months’ notice. The lease is inside 1954 Act protection.
A rent deposit of £10,000 is held by the Landlord, and the lease is guaranteed by the company director.
The tenant benefits from a six-month rent-free period expiring on 13th November 2026. The vendor will top-up the income by way of an appropriate adjustment on the completion sum, in order that an investor does not suffer an income shortfall.
First Floor
Let to Clay & Co Newbury Limited on a new 5-year lease from 14th November 2025, expiring on 13th November 2030 at a passing rent of £10,416.67 per annum. There is a tenant break option on 14th May 2028, subject to three months’ notice. The lease is outside 1954 Act protection.
The lease benefits from a fixed rental increase to £12,500 per annum on 14th November 2026. The vendor will top-up the rent to this figure.
A rent deposit of £3,750 is held by the Landlord.
Second & Third Floors
Let to Good Vibes Music Academy cic for a term of 10 years from 30th May 2024, expiring on 29th May 2034 at a passing rent of £22,500 per annum. There is a tenant’s break option on 30th May 2029, subject to six months’ notice. The lease is outside 1954 Act protection.
Therefore, an investor will benefit from a total income of £55,000 per annum.
Covenants
Newbury Foods Limited is a franchisee of Subway.
The Subway brand began in 1965 in the usa and has grown to become one of the world’s largest restaurant brands, serving customisable and signature sandwiches, wraps and salads to millions of guests, across more than 100 countries in more than 37,000 restaurants every day. Subway restaurants are owned and operated by a franchisee network that includes more than 20,000 entrepreneurs and small business owners. For further information please visit .
A rent deposit of £10,000 is held by the Landlord, and the lease is personally guaranteed by the company director.
Clay & Co is a pottery studio offering one-day workshops, six-week classes, and membership options to the art community. For further information visit . A rent deposit of £3,750 is held by the Landlord.
Good Vibes Music Academy provides high-quality and engaging rock, pop and electronic lessons with a team of pro musicians. Good Vibes is a place for students to develop their skills, play with others, be creative, gain confidence and perform at their very best. The company teaches guitar, bass, drums, ukelele, piano, keyboard, vocals, dj, music production, brass & woodwind. Lessons take place at their high-street studio in Newbury and at local partner schools. For the year ending 31st August 2025, the company reported Net Assets of £47,624. For further information visit .
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (togc).
Upper Floors Potential
We suggest there is future potential to convert the upper floors to residential use. In July 2021 planning permission was granted for change of use of the first, second and third floors to form five residential flats. Whilst this consent has now lapsed, the previous approval demonstrates the potential for residential conversion of the upper floors, subject to obtaining all necessary consents.
Proposal
We are instructed to seek offers in excess of £500,000 (Five Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 10.5%, assuming purchasers’ costs of 4.70%.
Please note that a purchaser will be re-charged the cost of the searches (£1,760.80) which are provided in the data room.
Investment Considerations
An opportunity to acquire an attractive commercial investment in an affluent South East town;
The property occupies a prominent position in the heart of Newbury town centre;
Situated adjacent to the former Kennet Shopping Centre which is undergoing a major redevelopment;
Ground floor let to a Subway franchisee on a new 15-year lease from May 2026;
First Floor let on a new lease from November 2025;
Future potential to convert the upper floors to residential use;
Freehold;
A purchase at the asking price will provide an investor with an attractive yield;
An attractive lot size to an investor.
For full details please visit our website
* Sizes listed are approximations. Please contact the agent to verify actual sizes.
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