Restaurants in Reading, Berkshire available for sale
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Restaurant for Sale near the Reading, UK

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More details for 62-63 St. Marys Butts, Reading - Retail for Sale

62-63 St. Marys Butts

Reading, RG1 2LG

  • Retail for Sale
  • £1,850,000
  • 5,816 sq ft
  • Energy Performance: D
  • Air Conditioning
  • Security System
  • Car Charging Station
  • Commuter Rail
  • Restaurant
  • Wheelchair Accessible
  • Smoke Detector

Reading Retail for Sale

The freehold investment is available at a price of £1,695,000 subject to contract and exclusive of VAT, which equates to a net initial yield of approximately 4.72% after assuming normal purchasers costs. The entire property has been let to AXMAN LIMITED T/A COCONUT BAR AND RESTAURANT on a full repairing and insuring lease for a term of 20 years commencing from the 18th October 2013 being subject to five yearly upward only rent reviews at a rent of £85,000 per annum exclusive. The Tenants are required to pay a rent deposit equivalent to six months rent plus VAT (£45,000). This however, has been used to pay the rent during COVID-19.

Contact:

Warrant Properties Ltd

Property Subtype:

Restaurant

Date on Market:

17/05/2023
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Restaurants for Sale Within 10 miles of the Reading, UK

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FAQs about Restaurants For Sale in Reading, Berkshire

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How many Restaurant listings are available for sale in Reading, Berkshire?
There are currently 3 Restaurants available for sale near Reading, Berkshire. These Reading, Berkshire Restaurant listings have an average size of 5,399 sq ft. The largest available listing in Reading, Berkshire is 5,950 sq ft. The thriving commercial centre and excellent transport links in Reading, Berkshire make it an ideal location for businesses to find suitable Restaurant for sale.
How much does it cost to buy a Restaurant in Reading, Berkshire?
The average price/SF for Restaurant for sale in Reading, Berkshire is about £217. The cost per sq ft for Restaurant in Reading, Berkshire ranges from £118 to £296, depending on the location and the size of the property.
What factors could affect the prices of Restaurants in Reading, Berkshire?
Several factors can impact the price of Restaurants, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from £118 to £296 per square foot.
What is the largest Restaurant available for sale in Reading, Berkshire?
Currently, the largest Restaurant available to buy is 5,950 sq ft and the smallest is 4,430 sq ft. The average size of Restaurant available for sale in Reading, Berkshire is approximately 5,399 sq ft.

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