Available
Available
For Sale
Square foot size
4788
Fairfax House 20-22 London Road, Newbury
£1,000,000
20-22 London Road, Newbury, RG14 1JX
- 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 area.
- Net Initial Yield of 7.93 % assuming standard purchaser’s costs of 5.75%.
SINGLE LET FREEHOLD OFFICE INVESTMENT
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.

Bournemouth