4471 sq. ft (415.37 m²)
Key features
- Affluent and attractive South East town
- Prominent town centre position
- Situated adjacent to the former Kennet Shopping Centre which is undergoing a major redevelopment
- Ground floor let to Subway franchisee on new 15-year lease from May 2026
- Total income ï½£55,000 per annum
- Future potential to convert the upper parts to residential use
- Offers in excess of ï½£500,000 plus VAT, subject to contract
- 10.5% net initial yield
Description
The ground floor comprises a retail unit occupied by Newbury Foods Limited, trading as Subway.
The first floor is occupied by Clay & Co and comprises a new pottery studio.
The second and third floors are occupied by Good Vibes Music Academy as a music showroom, tuition rooms and recording studio.
The property has an EPC rating of C, valid until June 2033.
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