Immediately adjacent to the major Kennet Shopping Centre
Nearby occupiers include Strada, NatWest, Barclays and Pizza Express
Six Week Completion Available
Lot 19
Auction 7th July 2011
Rent £50,344 per Annum Exclusive
Status Sold
Price £495,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of LPA Receivers
Property Information
Location
Miles
14 miles west of Reading, 50 miles west of London
Roads
M4, A4, A34
Rail
Newbury Rail, Newbury Racecourse Rail
Air
London Heathrow
Situation
Newbury is an affluent and attractive market town located 50 miles west of London and 24 miles west of Reading. The property is situated on the west side of the pedestrianised Market Place where an established market operates twice a week. The major 41-unit Kennet Shopping Centre is immediately adjacent to the property with the main entrance being some 30 metres south. Nearby occupiers include Strada, NatWest, Barclays and Pizza Express
Tenure
Freehold.
Location
Miles
14 miles west of Reading, 50 miles west of London
Roads
M4, A4, A34
Rail
Newbury Rail, Newbury Racecourse Rail
Air
London Heathrow
Situation
Newbury is an affluent and attractive market town located 50 miles west of London and 24 miles west of Reading. The property is situated on the west side of the pedestrianised Market Place where an established market operates twice a week. The major 41-unit Kennet Shopping Centre is immediately adjacent to the property with the main entrance being some 30 metres south. Nearby occupiers include Strada, NatWest, Barclays and Pizza Express
Tenure
Freehold.
Description
The property comprises double fronted retail and ancillary accommodation on the ground floor and two self-contained offices on the upper floors. The offices are accessed from a separate entrance on Market Place.
NB. This property is being marketed on behalf of Joint Law of Properties Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises double fronted retail and ancillary accommodation on the ground floor and two self-contained offices on the upper floors. The offices are accessed from a separate entrance on Market Place.
NB. This property is being marketed on behalf of Joint Law of Properties Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
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
Ground
Gross Frontage Net Frontage Shop Depth Built Depth Retail
8.00 m 7.10 m 14.25 m 14.50 m 130 sq m
(26' 5") (23' 4") (46' 9") (47' 7") (1,406 sq ft)
SAVE THE CHILDREN FUND (1)
25 years from 25/12/1987
£50,344
First
Office
131 sq m
1,410 sq ft)
VACANT POSSESSION
Second
Office
133 sq m
(1,431 sq ft)
VACANT POSSESSION
Totals
450.90 sq m
(4,853 sq ft)
£44,300
(1) Save The Children is a major global charity with 9,000 volunteers and operates from 125 shops in the UK, with a vision where every child attains the right of survival, protection, development and participation. In the year ending 31st December 2010, Save The Children reported total incoming resources of £291,472,000 and total funds of £81,905,000. (Source: http://www.savethechildren.org.uk 09/06/2011)
