Lot 104

FREEHOLD TOWN CENTRE MIXED INVESTMENT COMPRISING TWO SHOPS AND FOUR FLATS

15 The Broadway, Newbury, Berkshire, RG14 1AS
15 The Broadway, Newbury, Berkshire, RG14 1AS
UNSOLD

Currently let at £53,100 per annum

This attractive freehold property is located close to the heart of Newbury town centre, with numerous national brands within the vicinity.

Both of the retail units are let on commercial leases, with Unit 1 operating as a Tattoo Parlour and Unit 2 as a Café. The four flats above and to the rear are also let on Assured Shorthold Tenancies and producing a healthy income.

Commercial

Unit 1

Main retail area, staff kitchen and cloakroom with W.C.

Tenancy

Let under the terms of a Commercial Lease for a period of five years, from 1st August 2018, at a current rental of £9,000 per annum.

Unit 2

Café seating area, serving area, kitchen and customer W.C.

Tenancy

Let under the terms of a Commercial Lease for a period of five years, from 1st June 2021, at a current rental of £9,000 per annum.

Residential

Flat A

Living room/kitchen, bedroom and shower room with W.C.

Tenancy

Currently vacant but terms have been agreed for a new Assured Shorthold Tenancy at a rental of £700 per calendar month.

Flat B

Kitchen/studio room and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy from 19th March 2021 at a current rental of £600 per calendar month.

Flat C

Living room, kitchen, bedroom and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy from 16th September 2021 at a current rental of £750 per calendar month.

Flat D

Living room, kitchen, two bedrooms and shower room with W.C.

Tenancy

Let on an Assured Shorthold Tenancy, from 26th September 2020, at a current rental of £875 per calendar month.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/