RETAIL WAREHOUSE, approximately 19,300 sq ft, INVESTMENT/DEVELOPMENT OPPORTUNITY, FREEHOLD FOR SALE

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Overview

ID: #1314
Type: Development
Contract: Freehold
Location: Newbury
Area: 19,318sq ft

RETAIL WAREHOUSE – approximately 19,300 sq ft, INVESTMENT/DEVELOPMENT OPPORTUNITY

FREEHOLD FOR SALE

CMS/Downs, Hambridge Road, Newbury, West Berkshire, RG14 5UP

  • Long established carpet and bed retailer
  • Prominent corner trading location at junction of Bone Lane
  • Major link road between A34, A4
  • Close proximity various retailers – including Sainsburys
  • North side of Newbury Racecourse
  • Planning consent to extend existing unit, reference 14/02658
  • Steel portal frame construction, 7 m eaves (5 m minimum)

Accommodation

(approximate net internal areas taken in accordance with Code of Measuring Practice of RICS)

Ground Floor Showroom 11,692 sq ft 1,086 sq m
Warehouse  4,799 sq ft   445 sq m
Offices   2,347 sq ft    218 sq m
Entrance    480 sq ft     44 sq m
Total 19,318 sq ft 1,793 sq m

Rates

Interested parties are advised to make their own enquiries of the Rating Authority at West Berkshire Council 01635 42400.

EPC

An Energy Performance Certificate (EPC) has been undertaken and is available for this property on request.  On the Rating Scale of A to G the Rating is C (60).

Note

The warehouse is only separated by studwork from the showroom and notwithstanding the recent consent, it is understood the warehouse can be used for retail.

Planning Consent

Planning consent was granted in February 2015 for sub-division of existing premises into two units and two-storey south extension.  Increase in on-site parking.  Reference with West Berkshire Council – 14/02658.

Proposal

CMS Carpets Ltd t/a CMS/Downs are interested in providing a pre-let to take a new lease of the extension, leaving the remainder of the unit available to let on completion of the extension works.

Interest is invited in the Freehold, to develop out the planning consent with CMS Carpets Ltd as one of the tenant occupiers.

Terms

The Freehold is offered for sale subject to the above with price guide on application.

Viewing

Strictly by appointment through Sole Agent:- Glanfield Holmlund 01420 544117.

Map

Map available on request
Misrepresentation act 1967: Whilst all the information in these particulars is believed to be correct neither the agents nor their clients guarantee its accuracy nor is it intended to form part of any contract. The areas quoted are approximate.
Finance act 1989: Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lesees must satisfy themselves as to the incidence of VAT in respect to any transaction.