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Refurbished Long Leasehold Office In Central Reading For Sale

Reading, Berkshire, UK
Asking Price:
£145,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

Recently refurbished 575 sqft office suite in central Reading, offered with vacant possession at £145,000 plus VAT and benefiting from an exceptionally long 999-year lease with approximately 979 years remaining.

The first-floor office has benefited from approximately £25,000 of recent refurbishment and provides a modern, ready-to-occupy workspace with abundant natural light, high ceilings and skylights. The accommodation includes a separate office, new kitchenette, WC with shower, laminate flooring, generous storage cupboard, and security and fire alarm systems.

Located in Reading town centre within a well-established commercial area containing a mix of office, retail and residential uses, the property is within easy reach of Reading mainline station and local amenities.

For purchasers considering the property as an investment, the agent estimates potential rental income of approximately £9,500–£10,000 per annum on a Full Repairing and Insuring lease. The combination of vacant possession, modern refurbishment and long leasehold tenure provides flexibility for either an owner-occupier or commercial property investor.

Offered at a guide price of £145,000 plus VAT. Enquiries are encouraged for further information and to arrange a viewing.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

Long leasehold interest originally granted for 999 years, with approximately 979 years remaining.
The property's electricity remains connected to the building's main supply and will require separation through installation of a sub-meter at the buyer's expense.

Location:

Central Reading location within a busy and established commercial area comprising a mix of office, retail and residential uses. The property is within easy reach of Reading mainline railway station and local town-centre amenities, providing a convenient location for owner-occupiers or potential commercial tenants.

Premises Details:

Recently refurbished 575 sqft first-floor office suite benefiting from abundant natural light, high ceilings and skylights. Approximately £25,000 has been invested in the refurbishment, which includes modern finishes, laminate flooring, a new kitchenette, WC with shower and a separate office. Further features include a generous storage cupboard and security and fire alarm systems. The property is offered with vacant possession.

Size in square feet:
575 sqft

Listed by

A H Lansley Commercial Property