Let to Nice Theory Sunshine Ltd (t/a Oldburys Deli) until 2023 (subject to option)
Busy pedestrianised town centre location
Close to The Kennet Shopping Centre
Nearby occupiers include Holland & Barrett, Lloyds Bank, Boots the Chemist, HSBC and Costa
Lot 63
Auction 23rd October 2014
Rent
Status Sold
Price £350,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
17 miles south-west of Reading
58 miles west of Central London
Roads
A339, A34, A4, M4 (Junction 13)
Rail
Newbury Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated on the east side of the pedestrianised Bridge Street at its junction with Market Place in the heart of the town centre. The property is in close proximity to The Kennet Shopping Centre housing occupiers including Debenhams, Laura Ashley, Caffè Nero, Poundland and Superdrug. Other nearby occupiers include Holland & Barrett, Lloyds Bank, Boots the Chemist, HSBC and Costa.
Tenure
Freehold.
Location
Miles
17 miles south-west of Reading
58 miles west of Central London
Roads
A339, A34, A4, M4 (Junction 13)
Rail
Newbury Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated on the east side of the pedestrianised Bridge Street at its junction with Market Place in the heart of the town centre. The property is in close proximity to The Kennet Shopping Centre housing occupiers including Debenhams, Laura Ashley, Caffè Nero, Poundland and Superdrug. Other nearby occupiers include Holland & Barrett, Lloyds Bank, Boots the Chemist, HSBC and Costa.
Tenure
Freehold.
Description
The attractive Grade II listed property comprises retail accommodation on the ground floor with ancillary accommodation in the basement and part first floor. On the second floor and part first there is a two bedroom self-contained residential flat accessed via Bridge Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The attractive Grade II listed property comprises retail accommodation on the ground floor with ancillary accommodation in the basement and part first floor. On the second floor and part first there is a two bedroom self-contained residential flat accessed via Bridge Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Basement Ground Part First
Ancillary Retail Ancillary
96.60 sq m 85.40 sq m 12.10 sq m
(1,040 sq ft) (919 sq ft) (130 sq ft)
NICE THEORY SUNSHINE LTD (t/a Oldburys Deli) (1)
10 years from 25/11/2013 until 2023 on a full repairing and insuring lease (2)
£35,000
25/11/2018
Part First & Second
Residential
Not Measured
INDIVIDUAL
100 years from 14/12/2012
Peppercorn
Total Commercial Area
194.10 sq m
(2,089 sq ft)
£35,000
(1) Nice Theory Sunshine Ltd was incorporated on 22nd May 2012. (2)The lease provides for a tenant option to determine on 25th November 2018.