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Retail Investments, Flat in Commercial for Sale
Bartholomew Street, Newbury, RG14
Let/Sold 3,506 sf
Retail Investments, Flat in Commercial for Sale
Bartholomew Street, Newbury, RG14
Let/Sold
The first and second floors of the property have been converted to provide 3 flats, 1 no. one bedroom and 2 no. two bedroom. The flats benefit from a ground floor entrance and reception.
INVESTMENT SUMMARY
Mid-terrace three storey building arranged over ground, first and second floors.
Property comprises two ground floor lock-up retail units and 3 flats on the uppers.
Total income of £28,950 PA from two ground floor tenants.
149 Bartholomew Street is occupied by Newbury Barbers at a passing rent of £19,000 PA.
149 Bartholomew Street is let on an effectively full repairing and insuring lease of 10 years from January 2019.
2 The Arcade is occupied by Gold Buying Shop at a passing rent of £9,950 PA.
2 The Arcade is let on a effectively full repairing and insuring Lease for a 10 year term from June 2017.
Arcade House comprises one 1 bedroom flat and two 2 bedroom flats on the first and second floors.
The flats are currently vacant.
Location
Newbury (Berkshire) is an historic market town 5 miles south of the M4 motorway (Junction 13). The town is an established location for the technology sector; Vodafone and Micro Focus have their headquarters in the town. Newbury has a population of approximately 33,841 (Census 2021).The town is well connected by roads and railways. Newbury is situated close to junctions 13 of the?M4 motorway, linking the town to London, and the south-west. It also benefits from being served by two train stations which are both on the Reading to Taunton Line.
The subject property is located at the junction of Bartholomew Street and The Arcade, both being pedestrianised, within the town centre. The Arcade is a narrow thoroughfare which links Bartholomew Street with Market Place. Nearby retailers include Cafe Nero, Inn at Home, Coco Di Mama, Sushi Maki and The Ugly Duckling Pottery Painting.