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20-22 London Rd
Newbury RG14 1JX
Fairfax House · Office Property For Sale
Investment Highlights
- Freehold (Title Number – BK34290).
- Key Market Town within 1 hour of London, Bristol, Oxford and South Coast.
- Let to POSITEC (UK AND IRELAND) LIMITED (Experian 83- Low Risk).
- 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.
- Single let Office Investment.
- Current Rent of £83,888 per annum exclusive.
- Tenant has not served January 2025 break option showing commitment to the property.
- Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
Property Facts
Property Type
Office
Property Size
4,788 sq ft
Costar Property Class
B
Year Built
1899
Tenancy
Single
Number of Floors
3
Typical Floor Size
1,596 sq ft
Plot ratio
1.08
Total Plot Size
0.10 ac
Amenities
- Security System
1 of 1
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