Block of Flats for sale in Stratfield Saye, Aldermaston

Build-to-Rent in Stratfield Saye available for sale

Block of Flats for Sale Within 10 miles of the Stratfield Saye, Aldermaston

173 - 177 Kings Rd

Reading, RG1 4EX

Build-to-Rent for Sale
£6,950,000
11,950 sq ft

Reading Build-to-Rent for Sale

The asking price for this freehold property is £6,950,000. Currently receiving an approximate 6% yield for the AST Let units and 10% for the Short Lets. Schedule of income available on request.

Contact:

Goldschmidt & Howland

Property Subtype:

Apartment

Date on Market:

17/10/2025

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More details for Prewett Road, Peggs Way, Park Village, Basingstoke - Build-to-Rent for Sale

Block J Commercial Centre - Prewett Road, Peggs Way, Park Village

Basingstoke, RG24 9RG

Build-to-Rent for Sale
£2,400,000
41,550 sq ft

Basingstoke Build-to-Rent for Sale

The property, developed in 2013 comprises a single and three-storey building with the ground floor commercial units benefiting from aluminium framed glazed shop fronts and rear loading. The elevations above Units 1 and 2 incorporating the residential apartments are finished in a combination of red facing brick, white render, and vertical timber cladding, surmounted by a flat roof. The ground floor comprises five retail units let to three tenants providing a total of approximately 9,256 sq ft of retail accommodation with four self-contained flats above which have been sold off on long leases to individuals. There are 16 car parking spaces to the front of the property including two designated EV charging bays. The property has been measured in accordance with the RICS Code of Measuring practice and provides the following approximate floor areas. The property retail element is let to three tenants on effective FRI terms, producing an income of £189,580 per annum subject to 5 yearly open market and RPI rent reviews. Southern Co-Operative Ltd who have recently renewed their lease have underlet Unit 4A to Bombshell Hair and Beauty and Unit 4B to Barnardo’s since 2015. Additionally, there are 2 EV charging bay stations producing £6220 per annum and at first and second floor levels above units 1 and 2 there are four selfcontained flats which have been sold off on long leases to individuals generating ground rents of £940 per annum. The combined income is £196,740 per annum with the retail rents equating to a modest £20.50 per sq ft overall. The interest is freehold. We are seeking offers for our client’s freehold interest of £2,400,000 (Two Million Four Hundred Thousand Pounds) subject to contract and exclusive of VAT reflecting a net initial yield of 7.7% allowing for purchaser’s costs of 6.3%.