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468 Basingstoke Rd 24,411 sq ft Retail Property Reading RG2 0JG £5,000,000 (£204.83/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold 2.72 acre site with low building cover of 19% and secure yard.
- Prominently located on Bennet Road, 2 miles south of Reading town centre and 1 mile from J11 of the M4, offering excellent national road access.
- Features include a large service yard, ample customer parking, and external racking
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £5,000,000 (FIVE MILION POUNDS) subject to contract and exclusive of VAT.
— An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
— An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
24,411 sq ft
Costar Property Class
B
Year Built
1970
Price
£5,000,000
Price per sq ft
£204.83
Yield
6%
NOI
£300,000
Tenancy
Single
Number of Floors
2
Plot ratio
0.21
Total Plot Size
2.72 ac
Parking
20 Spaces (0.83 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Fenced Lot
- Roller Shutters
- Storage Space
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468 Basingstoke Rd
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