MapOffice for sale
Fairfax House, 20-22 London Road, Newbury, RG14 1JX
Office
4,788 sq ft / 445 sq m
Features and description
- Tenure: Freehold
- Freehold (Title Number – BK34290).
- Single let Office Investment.
- Key Market Town within 1 hour of London, Bristol, Oxford and South Coast.
- Current Rent of £83,888 per annum exclusive.
- Let to POSITEC (UK AND IRELAND) LIMITED (Experian 83- Low Risk).
- Tenant has not served January 2025 break option showing commitment to the property.
- Should the building become vacant, it could potentially be converted to residential, subject to planning. There may also be an opportunity to add net lettable area by infilling the undercroft parking
- Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
Description
FAIRFAX HOUSE COMPRISES A PROMINENT MID TERRACE OFFICE BUILDING AND IS ARRANGED OVER GROUND, FIRST, AND SECOND FLOORS.
The property benefits from 3 separate entrances; front door on London Road, secondary door on London Road and a rear entrance from the rear car park.
The floor plates are predominately open plan and the tenant has fitted various partitions to create offices and meeting
rooms. The property benefits from the following specification; A/C, Lift, male, female and disabled WCs, Suspended
Ceiling, LED Lights and Kitchenettes on 1st and 2nd floors.
To the rear of the property and accessed via Pelican Lane there are 12 marked car parking spaces, which are both open air and under croft.
Location
Newbury is an attractive market town located strategically along the M4 western corridor. Situated in West Berkshire, the town is 20 miles west of Reading, 27 miles south of Oxford and 60 miles from Central London.
Newbury has evolved into a thriving business location, with several key occupiers choosing to base themselves within the town. These occupiers include Vodafone, Panasonic, Stryker, SNG and Harrods.
Viewings
Strictly via sole agents Vail Williams.
Tenure
The property is held on a Freehold (Title Number – BK34290)
Proposal
We are instructed to seek offers in excess of £1,000,000 (One Million Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
FAIRFAX HOUSE COMPRISES A PROMINENT MID TERRACE OFFICE BUILDING AND IS ARRANGED OVER GROUND, FIRST, AND SECOND FLOORS.
The property benefits from 3 separate entrances; front door on London Road, secondary door on London Road and a rear entrance from the rear car park.
The floor plates are predominately open plan and the tenant has fitted various partitions to create offices and meeting
rooms. The property benefits from the following specification; A/C, Lift, male, female and disabled WCs, Suspended
Ceiling, LED Lights and Kitchenettes on 1st and 2nd floors.
To the rear of the property and accessed via Pelican Lane there are 12 marked car parking spaces, which are both open air and under croft.
Location
Newbury is an attractive market town located strategically along the M4 western corridor. Situated in West Berkshire, the town is 20 miles west of Reading, 27 miles south of Oxford and 60 miles from Central London.
Newbury has evolved into a thriving business location, with several key occupiers choosing to base themselves within the town. These occupiers include Vodafone, Panasonic, Stryker, SNG and Harrods.
Viewings
Strictly via sole agents Vail Williams.
Tenure
The property is held on a Freehold (Title Number – BK34290)
Proposal
We are instructed to seek offers in excess of £1,000,000 (One Million Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
Property information from this agent
About this agent
Where great relationships yield the best property outcomes. Vail Williams is a national property adviser with ten offices based throughout the North, Midlands and South of England.