Henley-on-Thames Commercial
01491 571111
Property Details
Retail and residential investment for sale to include 6 residential flats - four 1 bedroom and two 2 bedroom. Flats arranged as follows; Flats 1 & 2 - first floor. Flats 3 & 4 - second floor. Flats 5 & 6 - third floor. Ground floor retail unit is let on a new 10 year lease to Bet Fred / Done Brothers (Cash Betting) Ltd.
Location
Located in the heart of Reading town centre on the corner of Friar Street and Cross Street. Reading mainline train station is just a 5 minute walk. A busy secondary location with other nearby retailers including Marks & Spencer, Coral, Cancer Research and Cafe Nero.
Accommodation
The accommodation comprises the following net internal areas: sq ft
Energy Performance Certificate (EPC)
The EPC rating for the ground floor retail is C. Flats 1 & 3 - D. Flat 2 - D (exp). Flat 4 - B. Flats 5 & 6 - C.
VAT
VAT is not payable on this property.
Legal Costs
Each party is to be responsible for their own legal costs incurred in this transaction.
Terms
For sale freehold subject to the occupational leases. Ground floor let to Bet Fred / Done Brothers (Cash Betting) Ltd) A new 10 year lease is to be agreed at a rent of £45,000 p.a. exclusive. 6 residential flats let on ASTs with a rental income totalling £89,400 p.a. Total income £134,400 p.a. Blended net initial yield of 7.04% (after 6% purchasers costs).
Rates
Interested parties should make their own enquiries directly with Reading Borough Council.
Viewing Arrangements
Strictly by appointment with the Sole Marketing Agents: John Jackson Henley-on-Thames office Tel: 01491 571111 Email: commercial@simmonsandsons.com
Located in the heart of Reading town centre on the corner of Friar Street and Cross Street. Reading mainline train station is just a 5 minute walk. A busy secondary location with other nearby retailers including Marks & Spencer, Coral, Cancer Research and Cafe Nero.
Accommodation
The accommodation comprises the following net internal areas: sq ft
Energy Performance Certificate (EPC)
The EPC rating for the ground floor retail is C. Flats 1 & 3 - D. Flat 2 - D (exp). Flat 4 - B. Flats 5 & 6 - C.
VAT
VAT is not payable on this property.
Legal Costs
Each party is to be responsible for their own legal costs incurred in this transaction.
Terms
For sale freehold subject to the occupational leases. Ground floor let to Bet Fred / Done Brothers (Cash Betting) Ltd) A new 10 year lease is to be agreed at a rent of £45,000 p.a. exclusive. 6 residential flats let on ASTs with a rental income totalling £89,400 p.a. Total income £134,400 p.a. Blended net initial yield of 7.04% (after 6% purchasers costs).
Rates
Interested parties should make their own enquiries directly with Reading Borough Council.
Viewing Arrangements
Strictly by appointment with the Sole Marketing Agents: John Jackson Henley-on-Thames office Tel: 01491 571111 Email: commercial@simmonsandsons.com
Disclaimer
Simmons & Sons endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.