An opportunity to acquire a freehold commercial investment on Shinfield Road, Reading, comprising an established restaurant / takeaway premises with ancillary self-contained residential accommodation above.
The property is occupied by Royal Paradise Hyderabadi Cuisine, following the former China Garden business transfer and tenant fit-out / rebrand works.
The property is understood to be let at £34,800 per annum under a new Full Repairing and Insuring occupational lease. Purchasers should verify the completed lease, rent commencement date, rent review provisions, rent deposit deed, guarantees, VAT position, insurance arrangements and all supporting documentation through their own legal due diligence.
The accommodation includes a restaurant / customer dining area, counter / reception area, commercial kitchen, ancillary stores, WCs, rear access and self-contained residential accommodation above.*Freehold commercial investment
- Price £495,000
- Let at £34,800 per annum
- Approx. gross initial yield 7.03%
- Restaurant/takeaway premises with extraction
- Ancillary self-contained flat above
- Prominent Shinfield Road position
- Current tenant: Royal Paradise Hyderabadi Cuisine
