Freehold mixed-use investment opportunity in Reading, comprising an established restaurant and takeaway premises with ancillary self-contained residential accommodation above.
Offered at a guide price of £495,000, the property is let at £34,800 per annum, providing an approximate gross initial yield of 7.03%. The commercial premises are currently occupied by Royal Paradise Hyderabadi Cuisine following the former China Garden business transfer and subsequent tenant fit-out and rebrand works.
Extending to approximately 2,810 sq ft, the property includes a restaurant and customer dining area, counter and reception area, commercial kitchen with extraction, ancillary storage, WCs and rear access. A self-contained ancillary flat is situated above the commercial premises.
The property is offered for sale freehold, subject to the existing occupational lease and formal legal documentation. The occupational lease is understood to be a new Full Repairing and Insuring lease at £34,800 per annum.
Positioned on an established mixed-use route serving South Reading, the University of Reading and surrounding residential areas, the property benefits from a combination of residential neighbourhoods, independent retailers, food operators, service businesses and local amenities supporting both local and passing trade.
Purchasers should verify the completed lease, rent commencement date, rent review provisions, rent deposit deed, guarantees, VAT position, insurance arrangements and supporting documentation through their own legal due diligence. All figures are quoted exclusive of VAT unless otherwise stated, with the VAT position to be confirmed.
Viewings: Strictly by prior appointment through Lansley Commercial. No direct approach should be made to the tenant, staff or occupiers.
