Property Details

For Sale  

Freehold Commercial Investment Property – Ground Floor Only

Circa. 815sq.ft - Business Unaffected  

28 Farnham Drive, Caversham Park Village,

 Reading, Berkshire,

RG4 6NY

Location

The property is situated in a parade of 11 shops serving surrounding residential areas with a large car park.

Property

The ground floor Freehold Investment Property (total size approx. 815sq.ft / 76M²) comprises-

Ground Floor-  Restaurant (approx.525sq.ft./49M²). Commercial Kitchen (approx.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 £13,800 per annum (£1150 per calendar month) and is subject to 5 year reviews.           

Notes

Rateable Value- £9,700 – Tenant responsible for rates.

EPC Rating-  D-76 (expires 2029).