Summary
An opportunity to acquire a freehold mixed-use investment at 250 / 250A Shinfield Road, Reading, comprising an established restaurant / takeaway premises with ancillary self-contained residential accommodation above.
The property is occupied by Royal Paradise Hyderabadi Cuisine, following the former China Garden business transfer and tenant fit-out / rebrand works.
The property is understood to be let at £34,800 per annum under a new Full Repairing and Insuring occupational lease. Purchasers should verify the completed lease, rent commencement date, rent review provisions, rent deposit deed, guarantees, VAT position, insurance arrangements and all supporting documentation through their own legal due diligence.
The accommodation includes a restaurant / customer dining area, counter / reception area, commercial kitchen, ancillary stores, WCs, rear access and self-contained residential accommodation above.
Key Points
Freehold mixed-use investmentPrice £475,000Let at £34,800 per annumApprox. gross initial yield 7.33%Restaurant/takeaway premises with extractionAncillary self-contained flat aboveProminent Shinfield Road positionCurrent tenant: Royal Paradise Hyderabadi CuisineViewings
Strictly by prior appointment through Lansley Commercial. No direct approach should be made to the tenant, staff or occupiers.
Location
The property is situated on Shinfield Road, an established mixed-use route serving South Reading, the University of Reading and surrounding residential areas.
The immediate area includes a mix of residential neighbourhoods, independent retailers, food operators, service businesses and local amenities, providing local and passing trade.
Reading town centre, the University of Reading, Royal Berkshire Hospital and wider road connections are accessible from the surrounding road network.
Terms
The property is offered for sale freehold, subject to the existing occupational lease and formal legal documentation. Guide Price £475,000.
The property is understood to be let at £34,800 per annum. Purchasers should verify the completed lease, rent commencement date, rent review provisions, rent deposit deed, guarantees, VAT position, insurance arrangements and all supporting documentation through their own legal due diligence.
All figures are quoted exclusive of VAT unless otherwise stated. No VAT applicable to the sale