Property for sale

Northbrook Street, Newbury RG14

Strapline

Auction Sale - 23/06/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -

Of interest to Investors and Developers

A first class retail investment located in the centre of Newbury let on a 10 year lease from 10/05/2024(1) with future development potential to convert the upper floors to residential use (subject to planning and all the neccessary consents)

Investment let at £52,000 p.a.

Description

The property comprises an attractive three storey end of terrace property which forms part of an established shopping parade in the centre of Newbury.

The property is entirely let to one tenant and is operating as a Restaurant/Café with seating and service areas on the ground and first floors whilst ancillary accommodation is located on the 2nd floor.

Location

Newbury is an attractive and prosperous Berkshire market town located 14 miles west of Reading and 50 miles west of London

The property is located on the junction of Northbrook Street and Jack Street (a pedestrian cut through)

Occupiers close by include Mark & Spencer (adjacent), Robert Dyas (opposite), Tesco Express, Boots, Caffe Nero, HSBC, Pret A Manger and a number of national and local traders

Transport

The town is served by the A339 and A34, which provide access to the M4 Motorway (Junction 13) 3 miles to the north

Newbury Station provides frequent services to London Paddington (46 minutes), Reading, Exeter and Plymouth.

Tenancy

• Entirely Let to Esquires Coffee (UK) Limited
• 10 Years from 10.05.2024
• Rent review at the end of the 5th year
• Tenant's option to break 10.05.2030 (1)
• A rent deposit of £13,000 plus a sum equivalent to VAT is held.

Accommodation

Ground - 97.7 sq m (1,051, sqft)

First - 95.04sq m (1,023 sq ft)

Second - 29.95 sq m (322 sq ft)

Total Area - 222.69 sq m (2,397 sq ft)

Planning

The upper floors have the potential for future redevelopment into residential use (subject to the existing tenancy and all the necessary consents). All enquiries should be mede with the local authority:

West Berkshire