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Pub for sale
42 Cheap Street, Newbury, Berkshire, RG14
Reduced
Pub
9,003 sq ft / 836 sq m
Features and description
- Tenure: Freehold
- Price - £1,100,000
- Property Type - Commercial Investment
- Size - 9,003 sqft / 836.4 sqm
- Tenure - Freehold
- Borough - Berkshire
- Recent Planning - No
- Existing Use - Class E
- Tenanted - Yes
- Local Amenities - Kennet Shopping (0.1 miles), West Berkshire Museum (0.2 miles), Victoria Park (0.3 miles)
- VAT Applicable - Yes
This commercial property consists of a three-story pub.
The ground floor features a bar and seating area. Additional seating is available on the first floor.
The first and second floors are equipped with two kitchens, restrooms, staff accommodations, and showers.
The property also benefits from an outdoor seating area.
A 30-year lease is currently in place, commencing on July 4, 2010, and expiring on June 4, 2040.
However, the tenant break option, which will be exercised on June 4, 2025, will necessitate the property’s sale in a vacant state.
Location
The property is located only a 2-minute walk from Newbury train station, making it highly accessible to other amenities and transport links.
Some of the amenities in the immediate area include:
Although there is currently no planning in place, a positive pre-application has been received: 24/01544/PREOPB.
The proposed development involves the conversion of the public house into two ground-floor Class E units (Commercial, Business, and Service) and nine self-contained flats (Class C3) on the upper floors (4 x 2 bedroom units and 5 x 1 bedroom units). The upper floors will also include private and communal amenity spaces. Additionally, external works will be undertaken, including the installation of new shop fronts and alterations to the existing rear extension.
The ground floor features a bar and seating area. Additional seating is available on the first floor.
The first and second floors are equipped with two kitchens, restrooms, staff accommodations, and showers.
The property also benefits from an outdoor seating area.
A 30-year lease is currently in place, commencing on July 4, 2010, and expiring on June 4, 2040.
However, the tenant break option, which will be exercised on June 4, 2025, will necessitate the property’s sale in a vacant state.
Location
The property is located only a 2-minute walk from Newbury train station, making it highly accessible to other amenities and transport links.
Some of the amenities in the immediate area include:
- The King Charles Tavern - Traditional pub with ales and British dishes.
- Corn Exchange - Theater and independent cinema.
- Victoria Park - Park with tennis courts, a boating pond, and a skatepark.
- Newbury Racecourse - Horse racing events and concerts.
- Northcroft Lido - Outdoor swimming facilities at Northcroft Leisure Centre.
- The Watermill Theatre - Small theater hosting a variety of performances.
- Newbury Cricket Club - Sports club for cricket matches.
- Newbury Library - A local library offering books, events, and quiet spaces.
Although there is currently no planning in place, a positive pre-application has been received: 24/01544/PREOPB.
The proposed development involves the conversion of the public house into two ground-floor Class E units (Commercial, Business, and Service) and nine self-contained flats (Class C3) on the upper floors (4 x 2 bedroom units and 5 x 1 bedroom units). The upper floors will also include private and communal amenity spaces. Additionally, external works will be undertaken, including the installation of new shop fronts and alterations to the existing rear extension.
Property information from this agent
About this agent
![Whozoo - London](https://s3-eu-west-1.amazonaws.com/images.agentsmutual.co.uk/agents/branches/62439/230119092355942/logo-original.png)
Whozoo is the UK’s first commercial agency focused entirely on the SME commercial and development sector. Whozoo exists to empower agents to have
successful careers on their terms. Operating in the mass market, we treat every property owner with the same respect and professionalism whether their
property is worth £100,000 or £10,000,000. We’re here to bring a tired sector to life.
successful careers on their terms. Operating in the mass market, we treat every property owner with the same respect and professionalism whether their
property is worth £100,000 or £10,000,000. We’re here to bring a tired sector to life.