Summary - WALKABOUT, 42, CHEAP STREET RG14 5BX
1 bed 1 bath Land
**Key Features:**
- Prime town center location in Newbury
- Versatile property suitable for commercial (bar/restaurant) and residential uses
- Total size of 9,000 sq ft across three levels
- Includes two residential apartments generating annual rental income of approximately £20,000
- Potential plans for redevelopment into 2 commercial units and 9 residential apartments (5 x 1 bed, 4 x 2 bed)
- Strong foot traffic and accessibility with nearby local amenities
**Summary:**
Discover an exceptional investment opportunity at 42 Cheap Street, Newbury. This large, versatile property spans 9,000 sq ft, currently operating as a vibrant bar and restaurant with substantial potential for both commercial and residential redevelopment. Located in a bustling town center opposite Vue Cinema, it benefits from high visibility and foot traffic, making it ideal for a hot new business venture.
With two residential apartments already generating approximately £20,000 in annual rent, this property not only offers immediate income but also the exciting possibility of transforming the upper floors into up to 9 additional residential units, enhancing its value further. The plans envision featuring two separate commercial units on the ground floor, ensuring flexibility and attractiveness in today’s competitive market.
The property is situated within a cosmopolitan neighborhood rich in amenities, making it convenient for potential residents and patrons alike. Investing here means embracing both a thriving urban lifestyle and leveraging a unique chance for future growth—act quickly before this rare opportunity slips away!
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