FOR SALE
Reduced Price
FREEHOLD COMMERCIAL MIXED-USE INVESTMENT PROPERTY
GROUND FLOOR SHOP WITH TWO BED SELF-CONTAINED FLAT ABOVE
GARAGE & SEPARATE LOCK UP BRICK UNIT
SHINFIELD ROAD – READING - BERKSHIRE
234a Shinfield Road, Reading, Berks, RG2 8EX
The property is located on the much sought after Shinfield Road. Close to Reading University and other excellent shops. Large bustling village with very high footfall, ample parking with large demand from commercial and residential tenants. The property forms part of a busy local parade.
* Monthly Free Cashflow: Undisclosed
* Premises Details: Ground Floor A1/E Class Commercial Unit (circa 915sq.ft. - 85m2) Currently operating very successfully as a branch of ‘Subway’ (A1/E-Class). Let on a Full Repairing & Insuring Lease for a term of 10 years (expires 3 November 2031). Current rent £18,000 per annum (£1,500 per calendar month). 5 year market rent review – 3 November 2026. Lease is inside the Landlord and Tenant Act 1954. Building is not opted in for Vat. Rent paid monthly. Rent Deposit – 3 months rent- £4500.
First Floor 2 Bedroom Flat (self-contained) (circa 650sq.ft. - 60m2):- Self-Contained 2 bed Flat with entrance at the rear. Currently Vacant, previously let on an Assured Shorthold Tenancy. Requires refurbishment. Potential Rent £15,000 per annum (£1,250 per calendar month)
Garage (circa 150sq.ft/14M²) Located to the side of the property.
Lock Up Brick Building (circa 195sq.ft. – 18M²) Located to the side of the property. Scope to develop STPP.
* Sector: Commercial Property
* Industry: Other
* EPC: Shop - E-104 (expires September 2027).
Flat – D – 63 (expires Jan 2030)
* Looking For: Buyer
* Lease Terms: Freehold
