Comprising of 26 x one bedroom flats & multiple communal rooms (Lounge, Office, Kitchen and Storage rooms-previously used as sheltered housing) as well as a three bedroom house
Development potential to modernise the existing units and add additional units in the communal areas (subject to the requisite consents)
An approx. total GIA of 21,106 sq ft
Asset management potential to let the property out in its current format (subject to the requisite consents)
Approx. 9 car parking spaces located within the internal courtyard
Interested Parties will be invited to place bids via a set deadline (4th December) and the sale will take place via an auction contract (please refer to notes)
A Substantial Virtual Freehold Town Centre Office Investment
Comprising three self-contained office buildings around a courtyard with a multi storey car park and additional surface parking
Well located in Newbury Town Centre, within the sought-after Thames Valley corridor
Arranged over 28,368 sq ft
Tenants include Handelsbanken Plc, Autodesk Ltd and Egain Communications Ltd amongst others
WAULTE 4.4
VAT is applicable
Eight Week Completion Available
Total Current Gross Rents Reserved £538,624 p.a. (11.97% GIY on Guide Price) plus 2,094 sq ft vacant office space