Summary
A well-positioned freehold commercial investment opportunity, comprising a ground floor lock-up unit within an established neighbourhood retail parade in Caversham Park Village. The premises extend to approximately 815 sq ft and include a restaurant seating area, fully fitted commercial kitchen, and customer WC facilities, together with rear access, fire exit, and bin storage.
The property is currently let to a successful and established Nepalese restaurant, providing a steady and reliable income stream. The lease is on a full repairing and insuring (FRI) basis, offering minimal landlord responsibilities.
This represents an attractive, low-management investment suited to private investors seeking a secure income-producing asset within a well-served residential catchment area, benefiting from nearby parking and consistent local footfall.
Key Points
Freehold commercial investmentGround floor unit – approx. 815 sq ftLet to established Nepalese restaurant11 years unexpired on FRI leasePassing rent £13,800 per annum5-yearly rent reviewsTenant responsible for repairs & ratesViewings
Strictly by prior appointment through Lansley Commercial.
Rental income
The property, we are informed, is let on a 20 year Full Repairing and Insuring lease with about 11 years remaining. The tenant is trading very successfully as an Authentic Nepalese Restaurant. Current rent is £13,800 per annum (£1150 per calendar month) and is subject to 5 year reviews.
Applicant Agency Fee
Agent's Fee: £650 plus VAT, payable by the purchaser upon completion of the sale to Lansley Commercial for introducing and facilitating the transaction.
Location
The property is situated within a well-established neighbourhood retail parade in Caversham Park Village, Reading, serving a densely populated residential catchment. The parade benefits from a variety of local occupiers and a large communal car park, providing convenient customer parking and steady day-to-day footfall.