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The Old Drummers Arms
18 Northcroft Lane
Newbury, Berks, RG14 1BU
Attractive refurbished town centre offices overlooking the River
Kennet
Approximately 2,100 sq.ft (197 sq.m) TO LET
Self Contained Office Building
Parking for 6/8 cars
Refurbished to a high standard
Good Meeting Room
Gas CH
THE PROPERTY
A charming period property dating we believe from late Georgian
times and originally, as name suggests, a public house. Old
Drummers offers a good range of offices together with an
impressive board/meeting room.
LOCATION
The property is situated on the western edge of Newbury town
centre and a minute’s walk from the main shopping thoroughfare
with excellent retail banking and dining amenities. Northcroft
Lane itself is a relatively peaceful location but offers good
communication links being only a few minutes drive from the A34
bypass or junction 13 of the M4.
TERMS
Our clients hold a lease until 23rd June 2013 and are prepared
to negotiate either an Assignment of the existing lease or a sub
lease for a term to be agreed. There is a rent review due in
2008.
RENT
On a sub lease we are quoting an annual rent of not less than
£32,500 p.a. exclusive of all outgoings.
VAT
The situation as to whether or not the property has been elected
for VAT is yet to be revealed.
BUSINESS RATES
The current rateable value is £27,500 and rates payable
£10,075.60
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