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21-23 The Broadway 4,517 sq ft 100% Let Office Property Newbury RG14 1AS £275,000 (£60.88/sq ft)



Investment Highlights
- Affluent Newbury town centre location
- Additional car parking income stream
- Established tenant (in occupation since 2013)
- Grade II listed character building
Executive Summary
This is a well-located town centre retail investment in Newbury, one of Berkshire’s most affluent market towns. The property consists of a ground floor retail unit let to an established tenant, combined with residential upper parts already sold off on long leases, generating additional income streams through ground rents. The investment currently produces £29,700 per annum, with guaranteed rental growth to £30,700 in 2027, offering a strong double-digit yield. The asset is held within an SPV, allowing for a potentially tax-efficient acquisition. Its positioning within the economically strong M4 corridor and proximity to key transport links enhances tenant demand and long-term investment security.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
4,517 sq ft
Costar Property Class
B
Year Built
1932
Price
£275,000
Price per sq ft
£60.88
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,506 sq ft
Plot ratio
0.09
Total Plot Size
1.13 ac
Parking
5 Spaces (1.11 Spaces per 1,000 sq ft Leased)
Amenities
- Raised Floor System
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21-23 The Broadway
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