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16-16A Norcot Rd 2,067 sq ft 100% Let Retail Property Reading RG30 6BU £350,000 (£169.33/sq ft) 3.14% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to residential
- Amenities nearby
EXECUTIVE SUMMARY
Mixed-use commercial freehold comprising 2 premises. The property provides both secure income and further potential. 16 Norcot Road is let to beautician, £11,000 p.a. rental income. 16A Norcot Road is vacant, 2-storey office, ERV £18,000 p.a. In addition, the site may offer a future development opportunity (subject to planning) for conversion to residential or mixed-use accommodation.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
2,067 sq ft
Costar Property Class
B
Year Built
1919
Price
£350,000
Price per sq ft
£169.33
Yield
3.14%
NOI
£11,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.79
Total Plot Size
0.06 ac
Frontage
33 ft on Norcot Road
AMENITIES
- Security System
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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16-16A Norcot Rd
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