BUSINESS PROFILE VIEW

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