Investment Properties: 78 London Road, Newbury RG14 1LA

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78 London Road, Newbury RG14 1LA

OIEO £3,000,000 subject to contract - Freehold

  • Centrally located within a residential area and close to Newbury Town Centre where major local employers include Vodafone, Hitachi and Microfocus.
  • Less than a mile from Newbury Train Station which offers direct trains to London Paddington in 54 minutes.
  • A former office building recently converted to residential use and now arranged as 27 units – 17 x self-contained studio flats and 10 x 1 bed flats.
  • All units are finished to a high specification.
  • Total NIA of all units – 6,367 sq ft.
  • Fully let on monthly rolling tenancies producing an annual rent of £294,060 pa inclusive of bills and council tax.
  • 8 on site car parking spaces are included.
  • Adjoining car park available by separate negotiation which could offer further development potential subject to consents.
  • Freehold.
  • Offers are invited in excess of £3,000,000 (Three Million Pounds) Subject To Contract.