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Floorplan
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    Key features

    • To be offered Wednesday 8 May
    • Of interest to investors and owner occupiers
    • New Build Ground Floor Retail Unit Opportunity
    • Comprises approximately 83.24 sq m (896 sq ft)
    • Estimated ERV believed to be in the region of £20,000 pa
    • Asset management opportunity to let the new shop
    • Change of use opportunity to convert to residential (subject to necessary consents)
    • Vacant

    Description

    The property comprises a ground floor shop which has been newly constructed as part of a wider mixed use development.

    Additional information

    Tenure

    Long Leasehold. 250 years from 08.02.2024 at a peppercorn rent. There is a clause to extend the lease in the special conditions of sale (please refer to legal pack).

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Ground - 83.24 sq m (896 sq ft)


    Tenancy

    Vacant Possession.

    Rent

    Vacant
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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

      The property is located in the attractive and popular town of Newbury. Situated on Bartholomew Street close to its Junction with Market Street in the vibrant heart of Newbury Town Centre, Union Place is an exclusive modern development with a functional style that is especially well suited to its urban surroundings.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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.

      Addendums