MKM Hambridge Rd 16,679 SF Retail Building Newbury RG14 5UP $6,424,430 CAD ($385.18 CAD/SF) 5.44% Cap Rate

MKM satisfied a longstanding requirement for accommodation in Newbury when it agreed a lease on what was previously a carpets and beds retail outlet. Part of the property was demolished to create additional yard space (and enabling access to the unit behind) and the remainder substantially improved to provide dedicated showroom, trade counter and warehouse space. The property is of steel portal frame construction, with glazed frontage to the showroom fronting Hambridge Road and having a return elevation and entrance overlooking Bone Lane, from which the site is accessed. The property is fitted out in accordance with the company’s specification and operating
model. There is access from the trade counter area into the main storage warehouse which is finished with a painted concrete floor under a pitched and lined roof. Internal elevations are to painted blockwork with facing brick externally. There are two vehicular doors to the eastern elevation leading out to a dedicated storage yard. There is a gate in the northeastern corner linking the premises with MKM’s additional space to the rear (excluded from this demise but held under a coterminous lease from a third-party landlord). There is first floor accommodation in the form of a large mezzanine, installed by the landlord, which looks out over the warehouse from which there is an open stairwell. Externally, there are 21 marked customer parking spaces, adjacent to the showroom. Much of the yard is taken up by external storage.