COMMERCIAL PROPERTY INVESTMENTS AVAILABLE IN NEWBURY & MARLBOROUGH - 10.02.12
Quintons are marketing a retail investment for sale in Marlborough town centre. The property is situated on Kingsbury Terrace, Kingsbury Street, just off Marlborough High Street. It comprises a ground floor lock up retail unit to include display window to the front, timber floors, display lighting, rear kitchen/staff room and WC facility. The property is let on a full repairing & insuring lease to a local hairdresser until July 2021. There is a tenant only break and rent review at the end of year 5.
The quoting price for the long leasehold interest is £120,000. A purchase at this level would show a return of approximately 7.4%.

We also have two commercial property investments in Newbury for sale. We have an office investment in Bartholomew Street at its junction with Pound Street in Newbury. This property comprises a self contained office building with offices arranged over ground and first floors and are well appointed and include 2 parking spaces, heating, carpets, kitchen and WC facilities. The offices are held on a 15 year full repairing & insuring lease to Heritage Financial Advisors from August 2010 for 15 years.The tenants have break options at the end of years 4 and 9 subject to 6 month’s notice. The  space available is 700 sq. ft. (65.03 sq. m.) and the guide price for the freehold is £140,000.

The third investment is also an office investment in Station Road, Newbury at the junction of Bartholomew Street. The road is a one-way street and provides access to the main line railway station but also to the main A339 through Newbury. This is a modern 3-storey office building offering excellent open plan accommodation on ground, first and second floors. Good quality demountable partitioning is also included on the ground floor to form a reception and separate meeting rooms. Further amenities include carpeted floor, kitchen and WC facilities, gas fired central heating, recessed fluorescent lighting, suspended ceilings, raised floors, air-conditioning and 8 parking spaces.
The property is let on a lease dated 5th December 2011 until 31st March 2015 and there is a tenant only break on 30th April 2013. The property is available to purchase freehold and the guide price is £430,000.

For more information or full details on any of the above investments please contact Shane Prater on 01635 551441