commercial & residential investment AWS
COMMERCIAL & RESIDENTIAL INVESTMENT FOR SALE KENDRICK HOUSE, WHARF STREET, NEWBURY BERKSHIRE, RG14 5AP 4,327 SQ FT (401.98 SQ M)
SITUATION The property is situated within Newbury town centre with access to the A339, A34 and M4 within a few minutes drive. Newbury is home to Vodafone, Microfocus, Gamma Telecom and many other IT and service based companies. DESCRIPTION The property comprises 2 ground floor retail units and 3 residential floors above. The residential floors are split to provide 4 studio apartments on each floor - 12 in total. There is parking and further land at the rear which fronts the Kennet and Avon Canal.
TENANCY INFORMATION The two ground floor retail units are let on full repairing leases as follows:Left hand Shop is let to Lush Hair until November 2018 at a rent of £7,000 per annum exclusive. We understand the tenants would like a longer lease. Right hand shop is let to Emma Bees for 10 years at a rent of £12,000 per annum exclusive year 1 rising to £13,500 per annum exclusive year 2. The 12 residential units are let on Assured Shorthold Tenacy agreements. The income ranges from £650 to £775 per month. The total gross income is £119,000 per annum.
ACCOMMODATION
Total
Sq. M. 401.98
Sq. Ft. 4,327
ENERGY PERFORMANCE CERTIFICATE This property has EPC ratings. Full details are available on request PROPOSAL The property is owned by Jasmin Properties Limited (Company number 08809857) which is available to purchase with a guide price of £1,500,000 (One Million Five Hundred Thousand Pounds). VAT is not applicable. LEGAL COSTS Each party is to be responsible for their own costs. VIEWING Contact Mr Shane Prater Phone: 01635 551441 Email: [email protected]
SITUATION The property is situated within Newbury town centre with access to the A339, A34 and M4 within a few minutes drive. Newbury is home to Vodafone, Microfocus, Gamma Telecom and many other IT and service based companies. DESCRIPTION The property comprises 2 ground floor retail units and 3 residential floors above. The residential floors are split to provide 4 studio apartments on each floor - 12 in total. There is parking and further land at the rear which fronts the Kennet and Avon Canal.
TENANCY INFORMATION The two ground floor retail units are let on full repairing leases as follows:Left hand Shop is let to Lush Hair until November 2018 at a rent of £7,000 per annum exclusive. We understand the tenants would like a longer lease. Right hand shop is let to Emma Bees for 10 years at a rent of £12,000 per annum exclusive year 1 rising to £13,500 per annum exclusive year 2. The 12 residential units are let on Assured Shorthold Tenacy agreements. The income ranges from £650 to £775 per month. The total gross income is £119,000 per annum.
ACCOMMODATION
Total
Sq. M. 401.98
Sq. Ft. 4,327
ENERGY PERFORMANCE CERTIFICATE This property has EPC ratings. Full details are available on request PROPOSAL The property is owned by Jasmin Properties Limited (Company number 08809857) which is available to purchase with a guide price of £1,500,000 (One Million Five Hundred Thousand Pounds). VAT is not applicable. LEGAL COSTS Each party is to be responsible for their own costs. VIEWING Contact Mr Shane Prater Phone: 01635 551441 Email: [email protected]
