RETAIL INVESTMENT
RETAIL INVESTMENT FOR SALE NORMAN HOUSE, UNIT 4, HAMBRIDGE ROAD NEWBURY, WEST BERKSHIRE, RG14 5XA 2,388 SQ FT (221.85 SQ M)
SITUATION The property is situated on the north side of Hambridge Road Industrial Estate, Newbury. From the M4 motorway (Junction 13), proceed to Newbury some 4 miles distant. At the A4 roundabout turn left signposted to Thatcham (A4). Proceed past Newbury Business Park to the traffic lights. Hambridge Road is signposted right. Follow Hambridge Road past Downs Carpets, Newbury Racecourse railway station and the property can be found on the right hand side. The property is highly visible. DESCRIPTION The property comprises a single unit within a block of seven similar units. The unit has an A1 Retail consent. The property has recently been fully refurbished with new clad elevations and pitched clad roof, new electrics, lighting and externally new tarmacadam has been laid. Internally there are carpets, lighting and air conditioning together with tenants fit out. The property includes 4 parking spaces plus there are 7 visitors spaces on site. ACCOMMODATION
Total ENERGY PERFORMANCE CERTIFICATE This property has an EPC rating of B and a score of 47. LEASE DETAILS The property is let to Banjo Cycles Ltd (Company No: 5282653) for a term of 10 years from 27th February 2016. The passing rent is £17,213 per annum exclusive. There are 3 yearly upward only rent reviews on the lease.
Sq. M. 221.85
Sq. Ft. 2,388
PROPOSAL The property is available to puchase with the benefit of the tenant. The quoting price is offer in excess of £170,000 (One Hundred & Seventy Thousand Pounds) plus VAT. A purchase at this level represents a 10% gross return. LEGAL COSTS Each party is to bear their own costs. VIEWING Contact Shane Prater on 01635 262510 or Email: [email protected] March 17
SITUATION The property is situated on the north side of Hambridge Road Industrial Estate, Newbury. From the M4 motorway (Junction 13), proceed to Newbury some 4 miles distant. At the A4 roundabout turn left signposted to Thatcham (A4). Proceed past Newbury Business Park to the traffic lights. Hambridge Road is signposted right. Follow Hambridge Road past Downs Carpets, Newbury Racecourse railway station and the property can be found on the right hand side. The property is highly visible. DESCRIPTION The property comprises a single unit within a block of seven similar units. The unit has an A1 Retail consent. The property has recently been fully refurbished with new clad elevations and pitched clad roof, new electrics, lighting and externally new tarmacadam has been laid. Internally there are carpets, lighting and air conditioning together with tenants fit out. The property includes 4 parking spaces plus there are 7 visitors spaces on site. ACCOMMODATION
Total ENERGY PERFORMANCE CERTIFICATE This property has an EPC rating of B and a score of 47. LEASE DETAILS The property is let to Banjo Cycles Ltd (Company No: 5282653) for a term of 10 years from 27th February 2016. The passing rent is £17,213 per annum exclusive. There are 3 yearly upward only rent reviews on the lease.
Sq. M. 221.85
Sq. Ft. 2,388
PROPOSAL The property is available to puchase with the benefit of the tenant. The quoting price is offer in excess of £170,000 (One Hundred & Seventy Thousand Pounds) plus VAT. A purchase at this level represents a 10% gross return. LEGAL COSTS Each party is to bear their own costs. VIEWING Contact Shane Prater on 01635 262510 or Email: [email protected] March 17
