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230 Shinfield Rd 823 sq ft 100% Let Retail Property Reading RG2 8EX £400,000 (£486.03/sq ft) 6.75% Net Initial Yield
Investment Highlights
- Mixed-use freehold investment opportunity
- Ground-floor commercial accommodation with residential units above
- Prominent position on Shinfield Road
Executive Summary
Mixed-use freehold investment comprising two ground-floor commercial units and two studio flats in an established Reading location. The property is understood to generate approximately £27,000 per annum from existing commercial and residential occupiers, with potential to increase to approximately £36,000 per annum through the re-letting of the vacant studio flat, subject to market conditions. Offered at a guide price of offers in the region of £400,000 freehold, the asset provides diversified income from both commercial and residential accommodation.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
823 sq ft
Costar Property Class
C
Year Built
1940
Price
£400,000
Price per sq ft
£486.03
Yield
6.75%
NOI
£27,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.32
Total Plot Size
0.06 ac
Frontage
27 ft on Shinfield Road
Amenities
- Roller Shutters
1 1
Nearby Major Retailers
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230 Shinfield Rd
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