Lot 27 - 19 The Broadway, Newbury, Berkshire, RG14 1AS
- Unconditional Online Auction Sale
- Guide Price* : £200,000
Commercial investment - Let and producing an income of £20,000 per annum Prominent position opposite The Clock House - edge of pedestrianised shopping centre Lease for a term of 10 years from 2nd March 2023
Description
A Grade II Listed building (formerly known as Old Oak Parlour) with late 18th century refronting of an older building. Features include good original double shop front with segmental bowed shop windows with small panes, narrow pilasters, and projecting cornice. The shop doorway includes a rectangular fan light and panelled door. At the rear the two-storey brickwork with wide weavers’ windows to first floor with small panes. The property has painted brickwork beneath a tile roof with brick ridge stack. A prominent and outstanding location by The Clock House and at the junction of Oxford Street, London Road, and The Broadway and on the edge of the successful pedestrianised shopping centre.
The property was reroofed about 10 years ago and the details are in the Legal Pack with some more recent new sash windows.
Newbury is a thriving market town on the western outskirts of Berkshire. The Broadway and Northbrook Street are two of the principal shopping streets in the Town Centre, leading to Bridge Street which passes over the Kennet Canal into Market Place. Newbury Town Centre is an outstanding commercial centre with a wide range of shop and office occupiers, the home to the Newbury Building Society with the wide streets and Market Place often hosting special events attracting visitors from neighbouring towns and villages. There are car parks within a quarter of a mile.
TOWN AND COUNTRY PLANNING: Current use – Class E Commercial, Business and Service.
Accommodation over three floors
FLOOR AREA: Taken from VOA website. Ground floor retail and offices (59.1 sq m), first floor office (33.2 sq m), second floor offices/storage (17.1 sq m).
RATEABLE VALUES: £16,000 – The Ground Floor.
£8,500 - The Upper Floors.
EPC: D88
SERVICES: Mains water, electricity, gas, and drainage.
TENURE: Freehold subject to a Lease for 10 years from 2nd March 2023. No break clause.
LOCAL AUTHORITY: West Berkshire Council
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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