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Commercial Investment Tilehurst
Reading, Berkshire, England   Brokered By: Jason
Asking Price: £ 255,000.00 Annual Sales Revenue: Undisclosed
Under Offer


BUSINESS PROFILE VIEW

Business Information

Business Identifier

Commercial Investment Tilehurst

Reference

13

Looking For

Buyer / Freeholder

Business Start Date

Undisclosed

Franchise

No

Sector

Commercial Property

Industry

Other

Business Description

Reduced Price
For Sale - Freehold Commercial Mixed-Use Investment Property - Ground Floor Shop with Self-Contained One Bed Flat Above -
27 School Road, Tilehurst, Reading, Berks,
Location: The property is ideally located on a busy road in a local centre in the village of Tilehurst, a well sought trading location. .
Permitted Use:- Class A1 / E Class (current operator:- independent hardware store).
EPC Rating:- C-68
Rateable Value:- £6,600
Rental Income:- The property is let on a Full Repairing & Insuring Lease on the whole property (shop and Flat) for a term of 10 years from 25th February 2014 expiring on the 24th February 2024 at a current rent £18,000 per annum (£1,500 per calendar month). Last review 2019. The tenant will not be renewing his lease next year, hence vacant possession from February 2024.
Scope for increased rent with new lease and Flat refurb. Our opinion - £22,500 per annum.

Price:- £255,000 Freehold

UK Country

England

County/City

Reading, Berkshire

Current Status

Under Offer

Asking Price (£)

255,000.00

Annual Sales Revenue (£)

Undisclosed

Gallery

Gallery

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Broker Details

Broker Details

Broker Name

Mr. Jason Atkins

Email

jason@ahlansley.co.uk

Phone number

0118 9590271
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Disclaimer

Disclaimer

Values for Annual Sales Revenue may be approximate.

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