Mixed Use Retail and Office Investment For Sale: 1 High Street Hungerford
The property is located in the centre of the High Street in Hungerford with access along the side of the canal bridge. This is a prime town centre location with superb access to all the town centre facilities.
Nearby retailers include WHSmith, Coffee#1, Co-Op, Roxtons and a number of independent antique shops, galleries and retailers.
The property comprises a Grade II listed, two storey unit of a traditional brick constriction with a clay tiled roof. The accommodation includes offices and retail, both of which are accessed separately off street level.
Office: 622 sq.ft Storage: 37 sq.ft
Sales: 724 sq.ft Storage: 125 sq.ft
Hungerford is an historic town located, in the midst of an Area of Outstanding Natural Beauty, and lies 8 miles west of Newbury and 9 miles east of Marlborough. It is very well connected with a direct rail link to London, some 60 miles distant, in less than one hour. The M4 motorway is 4 miles from this property. The town’s historic market status is retained by the significant number of small independent retail and commercial businesses providing visitors and residents alike with personal service across a wide range of products.
Ground Floor Office let to Chanelle Medical from 29.09.2015 for a term of 10 years until 28.09.2025. Rent review on 29.09.2020. Rent of £17,200pa with a tenant option to break on 29.09.2020. The tenant has exercised the option to break.
First Floor Retail let to Blue Cross from 20.05.2019 for a term of 10 years until 19.05.2029. Rent review on 20.05.2024. Rent of £22,900pa with a tenant option to break on 20.05.2024 The tenant is liable for a three month penalty if they exercise the break option.