Detached freehold commercial investment in West Reading, producing approximately £41,700 per annum in rental income with potential to enhance future income and capital value.
The property extends to approximately 2,818 sq ft (261.80 sq m) and is arranged as a flexible multi-let commercial investment comprising office suites, fitness studio accommodation, consulting rooms and ancillary facilities.
The accommodation is currently let and provides a diverse income stream, with opportunities for future rental growth through lease restructuring, re-letting of accommodation when available and active asset management. The flexible layout also offers potential for occupation by a single business, subject to agreement.
The property benefits from three parking spaces, attractive courtyard and garden areas, kitchen and W.C. facilities and a modern specification throughout much of the accommodation.
Viewings: Strictly by appointment through the sole selling agents, Lansley Commercial.
- Asking Price:
- £425,000
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Freehold
- Lease Terms:
-
The property is offered freehold as a multi-let commercial investment producing approximately £41,700 per annum.
The ground-floor multi-let accommodation and first-floor accommodation are currently let. Further tenancy documentation is available through the sole selling agents.
Buyer’s Administration Fee: £650 plus VAT is payable to Lansley Commercial by the purchaser upon completion of the purchase.
Agent’s Fee: £650 plus VAT is payable by the purchaser upon completion of the sale to Lansley Commercial for introducing and facilitating the transaction.
- Location:
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Conveniently positioned in West Reading, just off the A4 Bath Road and approximately 1.5 miles west of Reading town centre.
The property benefits from excellent access to Reading West railway station, the M4 motorway at Junctions 11 and 12 and the wider Thames Valley road network, providing a well-connected location for commercial occupiers and investors.
- Premises Details:
-
Detached commercial property extending to approximately 2,818 sq ft (261.80 sq m).
The ground-floor multi-let accommodation extends to approximately 2,440 sq ft (226.68 sq m), with a further approximately 378 sq ft (35.12 sq m) on the first floor. Both areas are let.
Accommodation includes office suites, fitness studio space, consulting rooms and ancillary facilities, together with kitchen and W.C. facilities.
Externally, the property benefits from three parking spaces, attractive courtyard areas and garden space.
- Size in square feet:
- 2,818 sq ft
Business Operation
- Expansion Potential:
-
Potential to enhance rental income and capital value through lease restructuring, re-letting of accommodation when available and active asset management. The flexible layout also provides potential for occupation by a single business, subject to agreement.
- Competition / Market:
-
The West Reading location provides convenient access to Reading town centre, Reading West railway station, the A4 Bath Road, the M4 motorway and the wider Thames Valley road network.
