Investment for sale

Key Features

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• Multi let Thames Valley industrial investment
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• 7 Industrial / warehouse / trade counter units
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• Available as a whole or in two blocks
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• Excellent access to Reading centre and M4 J11
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• Current total rental income of £115,250 pax
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• A combined sale at £1.15M reflects a net yield of ONLY 9.46% assuming purchase costs of 5.89%
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• Price per block: Units C5-C8: £685,000 Units C9-C11: £465,000
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Location

Reading Small Business Centre is located off Weldale Street, which is accessed from the Inner Distribution Road (IDR) offering direct access via the A33 to Junction 11 of the M4, being within 5 miles distance.

Reading Crossrail train station is just a 5-minute walk providing frequent services to London and the West Country.

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Description

The premises comprise a multi let industrial / warehouse estate split in two terraces. The units benefit from a mixture of uses to include B1c light industrial, B8 storage/distribution & trade counter.

The investment is available for sale as a whole or in two blocks (Units C5-C8 and Units C9-C11).

Specifications

- 7 self-contained units
- 3 phase power in each unit
- Minimum eaves height of 4.5m
- Large loading doors
- First floor offices
- Onsite parking
- Steel portal frame construction
- Part brick/part metal sheet cladding

Available area

We understand the Gross Internal Area's (GIA) are as follows:

Tenancy Schedule

Please refer to the particulars of sale for a full tenancy schedule.

Tenure

Long leasehold interest comprising a 125-year underlease from 25th March 1985.

Energy Performance Asset Ratings

EPC assessments available on request.

Terms

The long leasehold interest is offered for sale with the benefit of the sub-leases and rental income.

Offers invited at £1.15M for the whole, or £685,000 for Units C5-C8 and £465,000 for Units C9-C11, subject to contract and exclusive of VAT. A combined sale at £1.15M reflects a net yield of only 9.46% assuming purchase costs of 5.89%.

Legal Costs / VAT

Each party to bear their own legal and professional costs. The property has been elected for VAT.

The vendor intends treating this transaction as a Transfer of a Going Concern (TOGC).

Anti-Money Laundering Regulations

To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Viewing & Further Information

Please contact the sole agents for further information or an appointment to view.