Clarendon House, 44 London Road, Newbury, Berkshire, RG14 1LA
- SIZE
5,813 sq ft
540 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Newbury is the principle town of West Berkshire, situated approx 16 miles north west of Basingstoke, 19.9 miles west of Reading and 17.6 miles north east of Andover. The town has a resident population of approximateley 36,400 increasing to 119,434 within a 20 minute drive time (Experian)
The property occupies a prominent position roadside fronting onto the busy London Road in the heart of Newbury's primary office provision. This location is also within 2 minutes walk of the town centre retail provision along Northbrook Street and Parkway Shopping Centre anchored by Next and Marks & Spencer. There is a Aldi superstore located adjacent with both Travelodge and Premier Inn hotels opposite.
Description
The property comprises a substantial brick-built building which is Grade 2 listed arranged over three storeys to the front and a single storey to the rear. The front building has a brand new pitched slate roof with the rear buildings comprising part tile and part profile cement clad roofs.
The building is flexible in terms of layout and is currently used as a funeral directors on the ground floor of the main space together with the use of the rear workshops, but previously the ground floor front has been retail space for an insurance company and estate agents. There are offices above over two floors which could be used for residential purposes, subject to planning, and then you have the rear workshops and offices.
In the main, the property is well looked after and includes parking within the rear courtyard with space for ten cars if double parked.
Proposal
The property is available freehold subject to the existing leases. Offers are sought in excess of £650,000 (Six Hundred & Fifty Thousand Pounds). VAT is not applicable.
Viewing
Contact Shane Prater on or Email
Service Charge
The ground floor of the property is currently let to West Berkshire Funeral Directors Limited with a lease dated 18th April 2016 and a term of 15 years from 25th May 2015. The tenants are liable to contribute 46% of the service charge for the property and currently pay a rent of £22,500 per annum with a rent review due in 2025 with the lease being outside the Act.
The same tenants also hold a lease dated 23rd June 2017 which runs to 24th May 2030 the same expiry as the first lease which this time covers the rear workshops. The rent passing is £10,000 per annum and the lease is again outside the protection of the Landlord & Tenant Act.
Brochures
Current Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Private
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Clarendon House, 44 London Road, Newbury, Berkshire, RG14 1LA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newbury Station0.6 miles
- Newbury Racecourse Station0.8 miles
- Thatcham Station3.4 miles
About the agent
Quintons, Newbury
Bartholomew House, 38 London Road, Newbury, Berkshire, RG14 1JX
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 3419FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Quintons, Newbury. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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