Redbrick House Newbury
- RICS Valuation of £7M for the completed site
- 44 apartments units in Total
- 43 car parking spaces
- Central Newbury Location
- Easy access to central London via Reading Crossrail
About The Investment
We are pleased to offer our latest development opportunity of 44 units including 37 stunning boutique studio apartments, 5 x 1 bed apartments and 2 x 3 bed apartments in central Newbury, West Berkshire.
The finished freehold block of flats would command a Gross Annual income of circa £494,400 on ASTs or potentially suit the following alternative uses: corporate lets, serviced accommodation, emergency accommodation, healthcare / temporary accommodation – creating a long term investment opportunity.
This development is located in Newbury town centre and less than a mile (or around a 10 minute walk) to the train station.
The opportunity currently comprises of a stripped out office premises over three floors, a roof terrace, 43 parking spaces, and an additional storey.
Newbury is a great place to invest in a convenient South East location. The local property market has grown over 32% in the last 5 years.
West Berkshire lies at the centre of Southern England in the South East, within easy reach of London, Bristol, Oxford and the south coast.
Newbury has close links with the neighbouring town of Reading which is on the new Cross Rail Route from 2019 meaning the journey to central London From Newbury will be as little as 40 minutes, making this an excellent commuter location with the benefits of living in a beautiful town with easy access to London and the rest of the country.
Just 5 minutes to the M4.
A vibrant and busy market town with lots of professionals living in the area. The town has a great selection of shops, bars and restaurants, as well as it’s own race course.