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Lot 10 Sold: £845,000

83 & 84 Northbrook Street, Newbury, Berkshire RG14 1AE

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Lot 10   Click here for addendum

Freehold Commercial Investment
Gross Yield 10.2%
6 Week Completion

Situation

Located in the prime position within the town's principal retail thoroughfare, adjacent to Vodafone and Superdrug, opposite Marks & Spencer and Tesco Metro, and amongst such other multiple retailers as Wilko, Boots, Vision Express, WHSmith, Greggs and many more. Newbury is an attractive and affluent market town which lies approx. 16 miles west of Reading and 4 miles south of the M4 (Junction 13) via the A34.

Property

Two adjoining terraced buildings currently comprising a Deep Ground Floor Double Shop with internal access to Ancillary Accommodation on the first floor. In addition, there is a separate External Store at rear first floor level.

VAT is applicable to this Lot

FREEHOLD

Note: The property may have future residential development potential to include extending the first floor and adding a second floor, subject to obtaining possession and the necessary consents.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

JOINT AUCTIONEER:
Roth Associates
Tel: 020 7499 5051   Ref: Stephen Roth
sar@rothassociates.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.