Development
properties

Mayors Lane Newbury RG14 5DR

We are inviting offers in excess of £450,000 for the freehold interest

Unconditional opportunity within RG14

Unconditional opportunity within RG14

Existing site area of approximately 3,736ft2

Use class until August 2020 was Retail (A1) now class E

0.2 miles away from Newbury station

Previously occupied by a motorist’s discount centre

Unconditional offers to be considered

Freehold

Vacant possession upon completion.

Offers in excess of £450,000 for the freehold interest

Description

The existing freehold which is now vacant is set within circa 3,736ft2 and provides redevelopment and income potential. The site sits very close by to all local amenities including a local shopping mall along with all the usual Highstreet brands and boutique shops.

Location

Newbury is a market town in the county of Berkshire. Newbury lies on the edge of the Berkshire Downs, part of the North Wessex Downs area of natural beauty. Newbury and its immediate surroundings constitute the major commercial and retail centre of West Berkshire. The local economy is inter-related to that of the eastern M4 corridor which has most of its industrial, logistical and research businesses close to Newbury. Newbury has three main secondary schools, St Bartholomew’s School, Park House School and Trinity School. Independent schools nearby include Harris Hill, Downe House School, Cheam School, St Gabriel’s school and Newbury Hall School. Newbury is home to one of England’s major racecourses Newbury Racecourse, which celebrated its centenary in 2005. The most prestigious race in the calendar is the Hennessy Gold Cup which normally takes place in late November.

Transport

Newbury is served by two railway stations, Newbury and Newbury Racecourse, which both lie on the Reading to Plymouth Line.

Access

The site can initially be viewed from the roadside. Furthermore, internal access can also be arranged through a member of the Highfield team.

VAT

We have been advised that VAT is not applicable.

Tenure

Freehold.

Terms

We are inviting unconditional offers in excess of £450,000 for the freehold interest.

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.