For sale
Freehold commercial investment property – ground floor only
Circa. 815sq.ft - business unaffected
28 farnham drive, caversham park village,
Reading, berkshire,
RG4 6NY
The property is situated in a parade of 11 shops serving surrounding residential areas with a large car park.
The ground floor Freehold Investment Property (total size approx. 815sq.ft / 76M²) comprises:-
Ground Floor:- Restaurant (approx. 32’4” x 16’4” - 525sq.ft./49M²). Commercial Kitchen (approx.18’ x 16’ – 290sq.ft/27M²). Customer toilets x 2. Access, fire exit and bin area at rear.
Rental income
The property, we are informed, is let on a 20 year Full Repairing and Insuring lease with about 13 years remaining. The tenant is trading very successfully as an Authentic Nepalese Restaurant. Current rent is £12,500 per annum (£1042 per calendar month) increasing to £13,800 per annum (£1150 per calendar month) in January 2024 and is subject to 5 year reviews.
Notes
Rateable Value:- £9,700 – Tenant responsible for rates.
EPC Rating:- D-76 (expires 2029).
• Monthly Free Cashflow: Undisclosed
• Sector: Commercial Property
• Industry: Other
• EPC: D-76
• Looking For: Buyer
• Lease Terms: Freehold
