Summary
Freehold investment for sale comprising a mixed use building providing two retail units and an office
Location
The property is situated on the south side of Reading Road, in the popular town of Yateley. Nearby occupiers include Greggs, Barclays Bank, Lloyds Chemist and Lloyds Bank. The property is within easy reach of Wokingham, Bracknell and Farnborough town centres and both the M3 and M4 Motorways.
Description
The property comprises a detached part single, part two storey mixed use building. The property provides two retail units on the ground floor, one used as a One Stop convenience store and the other as a KFC restaurant. The office accommodation above is used by One Stop as a training room. To the front of the property is a large forecourt area providing car parking and loading. A loading bay is also attached to the side of the property.
Accommodation
We understand the Net Internal Area is as follows:
| Floor | sq m | sq ft | sq ft
(ITZA) |
| Ground Floor | | | |
| One Stop | 280.1 | 3,015 | 1,198 |
| KFC | 105.3 | 1,134 | 527 |
| First Floor | | | |
| Offices | 140.9 | 1,517 | n/a |
| Total | 526.3 | 5,666 | 1,725
+ office |
Tenancies
The entire property is let to One Stop Community Stores Limited on an FRI lease (9 years remaining) at £XXX per annum exclusive. There is a tenant option to break at the end of the fifth year. The lease has been granted inside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954. For the avoidance of doubt, the tenant has sublet part of the demise on the ground floor to KFC.
Terms
The freehold interest is offered for sale. We invite offers in excess of £XXX
Legal Costs / VAT
Each party to bear their own legal costs.
Prices are quoted exclusive of VAT which will not be charged.
Viewing & Further Information
Please contact the sole agents for further information or an appointment to view.