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15 The Broadway 861 sq ft 100% Let Retail Property Newbury RG14 1AS £650,000 (£754.94/sq ft)
Investment Highlights
- £66,600 total annual income
- Grade II listed building
- Nearby national and professional occupiers
Executive Summary
The property comprises a rare unbroken mixed use investment set within a Grade II listed property arranged over ground, first and second floors.
The property includes two retail units and 4 residential apartments (3 x 1bedroomed and 1 x 2-bedroomed) The ground floor retail units are let to a coffee shop (lease from 11/10/2024 for 10 years with rent reviews every 3 years) and beautician (lease from 25/03/2025 for 3 years) with the 4 apartments all let on 12 month residential tenancies.
The commercial elements of the property generate £21,000 per annum exclusive (£10,500 per unit), whilst the 4 flats generate an annual income of £45,600 per annum. Property Total £66,600 per annum.
The property includes two retail units and 4 residential apartments (3 x 1bedroomed and 1 x 2-bedroomed) The ground floor retail units are let to a coffee shop (lease from 11/10/2024 for 10 years with rent reviews every 3 years) and beautician (lease from 25/03/2025 for 3 years) with the 4 apartments all let on 12 month residential tenancies.
The commercial elements of the property generate £21,000 per annum exclusive (£10,500 per unit), whilst the 4 flats generate an annual income of £45,600 per annum. Property Total £66,600 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
861 sq ft
Costar Property Class
B
Year Built
1789
Price
£650,000
Price per sq ft
£754.94
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.40
Total Plot Size
0.05 ac
Parking
5 Spaces (1.69 Spaces per 1,000 sq ft Leased)
Frontage
21 ft on The Broadway
Amenities
- Dedicated Turn Lane
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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15 The Broadway
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