Property Details

For Sale 

Freehold Commercial Mixed-Use Investment Property

Ground Floor Restaurant Premises with Self-Contained One Bed Flat Above

Attractive Mixed-Use Investment - Future Owner Occupation Potential

Circa.1300sq.ft / 121M²

357 Oxford Road, Reading, Berkshire, RG30 1AY

Location

The property is ideally located on the busy Oxford Road, home to various independent shops, eateries, and larger retail outlets, appealing to a broad demographic from locals to visiting professionals and is a well sought trading location. High tenant demand ensures high occupancy.

Premises

Ground Floor-  Single Fronted Hot Food / Restaurant Commercial Unit (circa 82‘5&rdquo x 10‘3&rdquo - 850sq.ft./79m2). Fully Equipped and Operating.  Currently operating as ‘Vampires Den‘ a Hungarian Styled Restaurant.

First Floor-  Self-contained 1 Bedroom Flat accessed through the front (Circa. 450sq.ft / 42M²)-  Living Room (circa 11‘6&rdquo x 10‘7&rdquo).  Kitchen (circa 8‘5‘‘ x 8‘3‘‘) Bedroom (circa 10‘7‘‘x 8‘11‘‘).  Bathroom (bath, toilet and basin).  Currently sub-let by tenant.

Class A3/A5 /E Class (current operator-  Hot Food / Restaurant / Café/ Take Away).

EPC Rating

Shop – E-104 – November 2028                 Flat – D-56 – November 2028

Rateable Value

£12,250

Rental Income

The property is let on a Full Repairing & Insuring Lease on the whole property (shop and Flat) for a term of 15 years from 4th December 2015 expiring on the 3rd December 2030 at a current rent £21,360 per annum (£1,780 per calendar month). 5 yearly rent reviews - next review date3rd December 2025. The tenant has shown potential interest in selling their business in the near future, presenting possible opportunities for buyer occupation or other options.