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250 Shinfield Rd 2,327 sq ft Retail Property Reading RG2 8EY £495,000 (£212.72/sq ft) 7.03% Net Initial Yield
Investment Highlights
- Prominent Shinfield Road frontage
- Close to the University of Reading
- Established South Reading location
Executive Summary
Freehold commercial investment opportunity comprising a restaurant and takeaway premises with extraction together with ancillary self-contained residential accommodation above. The property is occupied by Royal Paradise Hyderabadi Cuisine and is understood to be let on a Full Repairing and Insuring lease producing £34,800 per annum. Positioned on Shinfield Road in South Reading, the asset benefits from exposure to a well-established mixed-use corridor serving surrounding residential neighbourhoods, local businesses, and the University of Reading. Offered freehold at a guide price of £495,000, the property presents an income-producing investment with an established occupier in place and convenient access to Reading town centre, Royal Berkshire Hospital, and the wider regional road network.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,327 sq ft
Costar Property Class
B
Year Built
1920
Price
£495,000
Price per sq ft
£212.72
Yield
7.03%
NOI
£34,800
Tenancy
Single
Number of Floors
1
Frontage
32 ft on Shinfield Rd
Amenities
- Security System
- Storage Space
1 1
Nearby Major Retailers
1 of 19
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250 Shinfield Rd
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