Reduced Price
For Sale - Freehold Commercial Mixed-Use Investment Property - Ground Floor Shop with One Bed Flat Above
25 School Road, Tilehurst, Reading, Berks RG31 5AR
Location:- The property is ideally located on a busy road in a local centre in the village of Tilehurst, a well sought trading location.
Permitted Use:- Class A1 / E Class (current operator - shoe repairs, key cutting, engraving, etc.).
EPC Rating:- D-96
Rateable Value:- £6,200
Rental Income:- The property is let on a Full Repairing & Insuring Lease for a term of 12 years on the whole property (shop and Flat), ending 31st August 2025 at a current rent £14,800 per annum (£1,233.33 per calendar month). Rent deposit held by Landlord - £6,300. Last review date 1st September 2021 (not implemented).
Price:- £225,000 Freehold
* Monthly Free Cashflow: Undisclosed
* Premises Details: Ground Floor:- Single Fronted A1 Commercial Unit. Workshop / Office. Kitchenette / Storage. Cloakroom. First Floor:- Flat accessed through the shop. Kitchen. Living Room. Bedroom. Shower Room. Currently sub-let by tenant.
Outside:- Two Storage Units. One parking space. Bin area. Rear access.
* Sector: Commercial Property
* Industry: Other
* EPC: D-96 - September 2032 - Shop and Flat
* Looking For: Buyer
* Lease Terms: Freehold
