February 2022: Wednesday 09 February 2022 - 9:30am
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    Key features

    • Investment let at £25,000 p.a. (8.47% on Guide Price)
    • Entirely let to Imperial Grill Limited
    • 10 year lease from September 2021 (subject to option)
    • Prominent Town Centre location opposite Kennet Shopping Centre
    • Affluent and attractive Berkshire town
    • VAT-free investment
    • Nearby occupiers include Vue Cinema, Nando's, Card Factory, The Works and Savers

    Description

    The property is a grade II listed three storey building arranged ground floor restaurant/takeaway, together with a two bedroom maisonette arranged on the first and second floors. The property was comprehensively refurbished in 2018.

    Part of the property is flying freehold

    Additional information

    Accommodation

    Ground Floor - NIA approximately 89.13 sq m (959 sq ft).

    1st Floor - Kitchen, Balcony, Living Room & Store Room

    2nd Floor - Two Bedrooms, Landing & Bathroom


    Tenancy

    Entirely let to Imperial Grill (www.imperialgrill.co.uk)

    • Let to Imperial Grill Limited for 10 years from 14th September 2021 until 13th September 2031
    • £25,000 P.A
    • 5 yearly rent reviews

    Rent

    £25,000 P.A
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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Newbury is an affluent and attractive town within Berkshire, approximately 17 miles west of Reading. The property is located in a highly prominent position on Cheap Street, at it's junction with Market Street. The property is directly opposite the entrance to Kennet Shopping Centre, within which occupiers include Vue Cinema, Nando's, Card Factory, The Works and Savers Health & Beauty.

      Transport

      The property is located less than 350 metres from Newbury Train Station and benefits from excellent road connections being located just four miles south of J13 of the M4 motorway.

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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