105A Northbrook Street in Newbury


Fletcher King are pleased to have acted on behalf of our client ITB, on the disposal of 105A Northbrook Street, Newbury, RG14 1AB; a freehold high street retail investment.

105A Northbrook Street is located on the prime trading pitch within the town and let to Holland & Barrett, who have been in occupation for over 30 years. The property had a passing rent of £65,000 per annum and provided an unexpired lease term of circa 2.5 years.

It was sold to a local investor for £750,000, reflecting a net initial yield of just under 8.25%.

Despite the immense challenges that Covid19 has brought, Fletcher King are happy to have achieved a positive result for our client during such testing times.

For further information, please contact Will PreecePaul Morris FRICS or Richard Goode of Fletcher King.