4 Bridge Street Newbury Berkshire RG14 5EX

4 Bridge Street
Newbury
Berkshire
RG14 5EX

Freehold Retail Investment

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
£35,000 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

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 £35,000 per Annum Exclusive
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

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

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