Investment for sale Reading RG1 5EN,1227sq ft

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Investment

Investment For Sale Reading

PROPERTY ID: 132957

PROPERTY TYPE

Investment

STATUS

Available

SIZE

1,227 sq.ft

Key Features

Close to Reading Town Centre

Fully Let - Generating a solid annual income of £20,000

Good Rent - £1,667 per month

Established Business - Good Tenant - Reliable Income Stream

Full Repairing and insuring lease - passing on repairs responsibility onto the Tenant

Open Yard at the rear with storage and rear (side) access.

Property Details

FOR SALE FREEHOLD COMMERCIAL MIXED-USE INVESTMENT PROPERTY

Ground Floor Hot Food Takeaway with 3-Bedroom Self-Contained Flat Above

Address
2 Highgrove Street, Reading, Berkshire, RG1 5EN

Key Features

Location Corner premises on a busy road near Reading Town Centre, adjacent to a thriving local parade of shops.
Shop Fully let Chinese takeaway (approx. 13‘8&rdquo x 13‘7&rdquo), with commercial kitchen and storeroom.
Residential Fully Let Self-contained 3-bedroom flat across two floors with gas central heating.
Tenure Let on a 14 Year Full Repairing & Insuring Lease. Dated 2nd July 2018 to 1st July 2032. Current rental income of £20,000 per annum. – incorporating both Shop and Flat.
EPC Rating Shop D-83 (valid until 2027), Flat D-64 (valid until 2032).
Rateable Value £5,200 (tenant responsible for rates and utilities).
Rent Paid Quarterly.

Asking Price £275,000

Contact
Lansley Commercial | Tel 0118 959 0271 | Ref DR.1621

Don't miss this fully let investment opportunity with excellent rental income potential!

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About the Agent

A H Lansley Ltd

See Agent's Other Properties

FREEHOLD COMMERCIAL MIXED-USE INVESTMENT PROPERTY

£275,000 Freehold

2 Highgrove Street, Reading, RG1 5EN

Investment - Available
1,227 sq ft
114 sqm

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