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49 Whitley St 538 sq ft Retail Property Reading RG2 0EG £250,000 (£464.68/sq ft) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located on the busy A327
- Good passing traffic
- Nearby occupiers include anchor Tesco Express and a number of other restaurant and retail premises
EXECUTIVE SUMMARY
Ground floor take-away shop unit with first and second floor residential accommodation. Four bedrooms plus a shower room. There is rear access into a courtyard.
The property is held on a 20 year lease from March 2015. Expires March 2035. Current rent passing £17,500 p.a.
The property is held on a 20 year lease from March 2015. Expires March 2035. Current rent passing £17,500 p.a.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
538 sq ft
Costar Property Class
B
Year Built
1900
Price
£250,000
Price per sq ft
£464.68
Yield
7%
NOI
£17,500
Tenancy
Single
Number of Floors
3
Plot ratio
0.38
Total Plot Size
0.03 ac
Frontage
15 ft on Whitley Street
AMENITIES
- Bus Route
- Signage
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Dalchini
- -
- 538 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Dalchini | - | 538 sq ft | - | - |
1 1
NEARBY MAJOR RETAILERS
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49 Whitley St
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