A rare freehold property with development potential in Cheap Street, Newbury, Berkshire, comes to market.
Curchod & Co has launched the freehold sale of 45/45A Cheap Street, a prominently positioned mixed-use retail and office building in Newbury town centre, available due to the current occupier’s relocation.
Totalling 2,205 sq ft arranged across three storeys, the mid-terraced building offers Class E accommodation with potential for future residential conversion of the upper floors, subject to planning. The property is offered with vacant possession and benefits from rear parking accessed via a gated entrance.
Tom Nurton of Curchod & Co commented: “This is a well-located town centre freehold with a reduced guide price that reflects the scope for both owner-occupation and redevelopment. With growing demand for mixed-use assets and upper floor conversions, we expect strong interest from local investors and developers alike.”
The building is split into two parts, with 45 Cheap Street comprising ground and first-floor office accommodation including a boardroom, kitchenette and WCs. 45A Cheap Street, with separate access, includes further offices and facilities across the first and second floors.
Located within the Newbury Town Centre Conservation Area, the property is within walking distance of Newbury railway station and local amenities, as well as having excellent transport links via the M4, A34 and direct trains to London.
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