FOR SALE FREEHOLD
MIXED RETAIL AND RESIDENTIAL INVESTMENT comprising two retail units together with four flats

Key Points

• For Sale Freehold
• Mixed Retail and Residential Investment
• Total Current Income £56,400 per annum
• 4 Flats Let as AST'S
• 2 Fully Let Retail Units

Description

The property comprises 2 Retail Units together with 4 Flats as follows:-

FLAT A - Ground Floor approx 38 sq m gross
1 bed £950 pcm £11,400 per annum

FLAT B - Ground Floor approx 42 sq m gross
Currently vacant and being marketed at £850 pcm

FLAT C - Top Floor approx 41 sq m gross
1 bed £900 pcm £10,800 per annum

FLAT D - Top Floor approx 75 sq m gross
2 beds £1,100 pcm £13,200 per annum

RETAIL UNITS
UNIT 1 (LHS) approx 41.43 sq m [446 sq ft] - let for a term of 10 years from 11th October 2024. Tenant break and upward only rent review 3rd year.
Use. Coffee Shop. Current rent £10,500 per annum plus VAT.

UNIT 2 (RHS) approx 37.13 sq m [400 sq ft] - let for a term of 3 years from 11th October 2024.
Use. Tattoo Studio. Current rent £10,500 per annum plus VAT.

TOTAL CURRENT INCOME £56,400 PER ANNUM

Location

The 3 storey property is well located within The Broadway, Newbury. Occupiers close by include Dominos Pizza, Roderick Anthony Hairdressers and Co-op.

Legal Costs

Each party to pay their own legal costs in this transaction.

Anti Money Laundering

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.