London Rd - Office FOR SALE


Newbury, BKS RG14 1JX
$1,000,000 USD
163-501-7247
London Rd, Newbury, BKS for Sale
$1,000,000 USD
Office - FOR SALE
1/32
null | 7.93% Cap Rate

London Rd
Newbury, BKS RG14 1JX


HIGHLIGHTS

  • Freehold (Title Number – BK34290).
  • Single let Office Investment.
  • Key Market Town within 1 hour of London, Bristol, Oxford and South Coast.
  • Current Rent of £83,888 per annum exclusive.
  • Let to POSITEC (UK AND IRELAND) LIMITED (Experian 83- Low Risk).
  • Tenant has not served January 2025 break option showing commitment to the property.
  • Should the building become vacant, it could potentially be converted to residential, subject to planning. There may also be an opportunity to add net lettable area by infilling the undercroft parking area.
  • Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.

OVERVIEW

We are instructed to seek offers in excess of £1,000,000 (One Million Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

7.93%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfax House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

BK34290,BK462430,BK506939

ASK ABOUT THIS PROPERTY

Ben DulyVail Williams LLPMore Info
163-501-7247

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Ben DulyVail Williams LLPMore Info
163-501-7247

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.