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Accommodation
The property has been measured by BKR Floor Plans and provides the following accommodation:
| Net Internal Areas: | ||
| Ground Floor | 81.66 sq m | 879 sq ft |
| First Floor | 84.45 sq m | 909 sq ft |
| Second Floor | 76.46 sq m | 823 sq ft |
| Third Floor | 58.99 sq m | 635 sq ft |
| Total | 301.55 sq m | 3,246 sq ft |
| Gross Internal Areas; | ||
| Ground Floor | 112.69 sq m | 1,213 sq ft |
| First Floor | 116.03 sq m | 1,249 sq ft |
| Second Floor | 102.38 sq m | 1,102 sq ft |
| Third Floor | 84.26 sq m | 907 sq ft |
| Total | 415.36 sq m | 4,471 sq ft |
Tenure
Freehold.
Tenancies
Ground Floor
Let to Newbury Foods Limited, t/a Subway, on a new 15-year lease from 14th May 2026, expiring on 13th May 2041 at a passing rent of £20,000 per annum. There is a tenant’s break option on 13th May 2031, subject to six months’ notice. The lease is inside 1954 Act protection.
A rent deposit of £10,000 is held by the Landlord, and the lease is guaranteed by the company director.
The tenant benefits from a six-month rent-free period expiring on 13th November 2026. The vendor will top-up the income by way of an appropriate adjustment on the completion sum, in order that an investor does not suffer an income shortfall.
First Floor
Let to Clay & Co Newbury Limited on a new 5-year lease from 14th November 2025, expiring on 13th November 2030 at a passing rent of £10,416.67 per annum. There is a tenant break option on 14th May 2028, subject to three months’ notice. The lease is outside 1954 Act protection.
The lease benefits from a fixed rental increase to £12,500 per annum on 14th November 2026. The vendor will top-up the rent to this figure.
A rent deposit of £3,750 is held by the Landlord.
Second & Third Floors
Let to Good Vibes Music Academy CIC for a term of 10 years from 30th May 2024, expiring on 29th May 2034 at a passing rent of £22,500 per annum. There is a tenant’s break option on 30th May 2029, subject to six months’ notice. The lease is outside 1954 Act protection.
Therefore, an investor will benefit from a total income of £55,000 per annum.
Covenants
Newbury Foods Limited is a franchisee of Subway.
The Subway brand began in 1965 in the USA and has grown to become one of the world’s largest restaurant brands, serving customisable and signature sandwiches, wraps and salads to millions of guests, across more than 100 countries in more than 37,000 restaurants every day. Subway restaurants are owned and operated by a franchisee network that includes more than 20,000 entrepreneurs and small business owners. For further information please visit www.subway.com.
A rent deposit of £10,000 is held by the Landlord, and the lease is personally guaranteed by the company director.
Clay & Co is a pottery studio offering one-day workshops, six-week classes, and membership options to the art community. For further information visit www.clayco.co.uk. A rent deposit of £3,750 is held by the Landlord.
Good Vibes Music Academy provides high-quality and engaging rock, pop and electronic lessons with a team of pro musicians. Good Vibes is a place for students to develop their skills, play with others, be creative, gain confidence and perform at their very best. The company teaches guitar, bass, drums, ukelele, piano, keyboard, vocals, DJ, music production, brass & woodwind. Lessons take place at their high-street studio in Newbury and at local partner schools. For the year ending 31st August 2025, the company reported Net Assets of £47,624. For further information visit www.goodvibesmusicacademy.co.uk.
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Upper Floors Potential
We suggest there is future potential to convert the upper floors to residential use. In July 2021 planning permission was granted for change of use of the first, second and third floors to form five residential flats. Whilst this consent has now lapsed, the previous approval demonstrates the potential for residential conversion of the upper floors, subject to obtaining all necessary consents.
Proposal
We are instructed to seek offers in excess of £500,000 (Five Hundred Thousand Pounds), subject to contract, reflecting a net initial yield of 10.5%, assuming purchasers’ costs of 4.70%.
Please note that a purchaser will be re-charged the cost of the searches (£1,760.80) and measured survey (£635 + VAT) which are provided in the data room.
Investment Considerations
An opportunity to acquire an attractive commercial investment in an affluent South East town;
The property occupies a prominent position in the heart of Newbury town centre;
Situated adjacent to the former Kennet Shopping Centre which is undergoing a major redevelopment;
Ground floor let to a Subway franchisee on a new 15-year lease from May 2026;
First Floor let on a new lease from November 2025;
Future potential to convert the upper floors to residential use;
Freehold;
A purchase at the asking price will provide an investor with an attractive yield;
An attractive lot size to an investor.
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Data Room
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