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Freehold Investment Property In Reading Berks For Sale

Reading, Berkshire, UK
Asking Price:
£300,000
Turnover:
Not applicable
Net Profit:
Not applicable

A FREEHOLD MIXED USE INVESTMENT OPPORTUNITY SITUATED JUST A FEW HUNDRED YARDS WEST OF THE TOWN CENTRE OF READING, BERKSHIRE.

Location:-

Parade Unit fronting busy Oxford Road with good mixed-use adjoining trades (all adjacent shops fully let).


Ground Floor:-

Shop Unit (circa 34.8m2 - 375sq.ft.). Toilet.
Let to Hairdresser on Full Repairing & Insuring Lease due to expire May 2022. Current passing rent £10,500 per annum plus rates.


Basement - Flat One:-

Self-Contained Studio Flat (circa 43m2).
Let on long 99 year lease. Circa 79 years unexpired. Ground rent £80 per annum.


First Floor - Flat Two:-

Self-Contained One Bed Flat (circa 32m2).
Let on long 99 year lease. Circa 60 years unexpired. Ground rent £50 per annum.


Second Floor - Flat Three:-

Self-Contained One Bed Flat (circa 37m2).
Let on long 99 year lease. Circa 60 years unexpired. Ground rent £50 per annum.


Outside:-

Rear access driveway to yard with space for five cars.


EPC Ratings:-

Shop:- Awaited
Flat 1:- C-70 (Jan 2029)
Flat 2:- E-39 (June 2030)
Flat 3:- E-40 (June 2029)


Current Rental Income:-

Shop plus two car spaces £10,500p.a. (not increased at last review)
Flat 1 plus one car space £ 80p.a.
Flat 2 plus one car space £ 50p.a.
Flat 3 plus one car space £ 50p.a.

CURRENT GROSS RENTAL INCOME:- £10,640P.A.


PRICE:- £300,000 FREEHOLD

Property Information

Property:

Freehold

Contact A H Lansley

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