RETAIL INVESTMENT

FOR SALE

128 HIGH STREET, , RG17 0DL

799 SQ FT (74.23 SQ M)

SECOND FLOOR 2 BED APARTMENT ALSO AVAILABLE TO PURCHASE

SITUATION The property occupies a prominent position within Hiungerford Town Centre. Nearby occupiers include Newbury , Hungerford Jewellers and Megabet.

DESCRIPTION The property comprises the ground floor of a three storey listed town centre building.

The retail space trades as a Kebab shop. The property includes full extraction system, basement, suspended ceilings, strip lighting and WC facility.

ACCOMMODATION Sq. M. Sq. Ft. Total 74.230 799

LEASE INFORMATION The lease is dated 20th January 2010 for 20 years. The rent payable is £17,000 per annum exclusive. There is a tenant only break at year 10 subject to 6 months’ notice. There are upward only rent reviews on each 5 year anniversary. The tenants contribute to the maintenance of the building via their share of the service charge.

A purchaser will also own the freehold of the whole building. There are 2 x two bedroomed apartments above, one is sold on a long lease paying a rent of £10.00 per annum, the other is available to purchase at £125,000. The flat achieves £690 pcm (£8,280 per annum rent).

ENERGY PERFORMANCE CERTIFICATE This property has an EPC rating of tba and a score of tba.

PROPOSAL The ground floor property is available to purchase freehold with the benefit of the occupational lease in place to the Kebab shop. The current icome is £17,010 per anum. Offers are sought in excess of £200,000. VAT is not applicable.

LEGAL COSTS Each party to be responsible for their own costs.

VIEWING Contact: Shane Prater Phone: 01635 551441 Email: [email protected]

Or Joint Agents:

Winkworth Estate Agents Contact: Ian Haines Phone: 01635 552552 Email: [email protected] September 2018