The London & South East office of specialist pub agents Sidney Phillips, is offering a traditional wet-led public house in Newbury, Berkshire for sale.
The Red House is situated in a residential area in Newbury, a market town situated in the Valley of the River Kennet, approximately 20 miles west of Reading. The local economy is inter-related to that of the eastern M4 corridor which has most of the industrial, logistical and research businesses close to Newbury, notably the headquarters of Vodafone UK and software company Micro Focus International. It is also well known for its Racecourse.
The property is located along Hampton Road, a tranquil residential area within a short walking distance to Newbury Station and the town centre, and houses a traditional bar with seating for 28, with a 3 bedroom owners accommodation above.
Robert Cockayne, of Sidney Phillips, who is handling the sale, commented: “Subject to obtaining the relevant permissions, the property could well lend itself to conversion into a single dwelling, or a number of flats, and would therefore make a great purchase for an investor.”
The freehold interest of the Red House is being marketed off an asking price of £380,000.
For further information about this business for sale, please contact Sidney Phillips’ London & South East office on 01892 725900 or Click here for more detail.