Redbrick

House Newbury

  • RICS Valuation of £7M for the completed site
  • Build Costs circa £2M
  • Held in clean SPV so low SDLT at 0.5%
  • Internal Strip out complete
  • 44 apartments units in Total
  • 43 car parking spaces
  • Central Newbury Location
  • Easy access to central London via Reading Crossrail
  • Gross Annual Income of circa £494,400 on ASTs

Download The Brochure Today!


OPPORTUNITY – Redbrick House: 5 Oxford Rd, Newbury

£2.8M

Site Cost

44

Units

£7m

RICS Valuation

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.
44 Units 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.

The proposed development is 12,462 Sq Ft (1,158 Sq M).

 

Request A Brochure

If you are looking for an excellent development opportunity that is ready to build out – please download our brochure – we would be happy to discuss this in more detail and show you the site along with our other complete site in Newbury

Please contact us for a copy of the Brochure: 

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Location Details

NEWBURY IS A GREAT PLACE TO INVEST IN A CONVENIENT SOUTH EAST LOCATION

  • 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.

THE LOCAL PROPERTY MARKET HAS GROWN OVER 32% IN THE LAST 5 YEARS

 

 

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Redbrick Wealth has a selection of ‘hands off’ and ‘hands on’ property investments across the UK, including Buy-to-Let and HMO property, development sites, and Loan Note opportunities. Because of the leading reputation of the developers we work with and the experience of our team, all our investments offer excellent security and are usually reserved quickly. To keep one step ahead, sign up to our mailing list to receive our bi-weekly updates.

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