Investment Summary

• Newbury is an attractive, historic and affluent market town, strategically located within the M4 corridor and home to the UK headquarters of Vodafone.

• This property is situated on 100% prime, pedestrianised retail pitch.

• Town centre anchors Marks and Spencer and Camp Hopson department store are either side of this property. Camp Hopson have been trading in Newbury for over 100 years.

• Primark are to open in Q1 2025 and will drive significant new footfall to the town.

• Parkway shopping centre is within 20 metres and offers 550 car parking spaces.

• The property is let to Tesco Stores Limited by way of 10 year leases from 2nd May 2024 at a rent of £211,000 per annum.

• Tesco have traded from this store since the early 1980’s.

• This prime property has a double-width frontage, plus a staircore to uppers and a large footprint, giving many options for the future.

• Freehold

We are instructed to seek offers in excess of £2,500,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7.93% assuming standard purchaser costs.