Summary
Detached Freehold Commercial Investment with Rental Growth Potential
An excellent opportunity to acquire a detached freehold commercial investment in a well-established location on the western side of Reading.
Lismore House extends to approximately 2,818 sq ft (261.77 sq m) and is currently arranged as a multi-let commercial property producing an annual rental income of approximately £41,700 per annum. The accommodation comprises a mix of office suites, fitness studio accommodation, consulting rooms and ancillary facilities, offering a diverse income stream and flexibility for future occupation.
The property benefits from private parking to the front, attractive courtyard and garden areas, kitchen and WC facilities, together with a modern specification throughout much of the accommodation. The current layout provides flexibility for continued multi-tenancy or, subject to agreement, potential occupation by a single business.
In our opinion, the property offers an attractive investment with opportunities to enhance future income and capital value through lease restructuring, re-letting of vacant accommodation and active asset management.
Key Points
Detached Freehold Commercial Multi Let InvestmentCurrent Income of Approx. £41,700 pa - scope to increaseFlexible Multi-Let Offices & Fitness StudioPotential to Enhance Income & Value2,818 sq ft with Three Parking SpacesExcellent West Reading Investment OpportunityNew key point...Viewings
Strictly by appointment through the sole selling agents: Lansley Commercial
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
Lismore House occupies a convenient position on Wilton Road, just off the A4 Bath Road, approximately 1.5 miles west of Reading town centre. The property benefits from excellent access to Reading West railway station, the M4 motorway (Junctions 11 & 12) and the wider Thames Valley road network, making it an attractive location for a variety of commercial occupiers and investors.
Terms
Guide Price: £425,000 (Freehold)
A buyer's administration fee of £650 plus VAT is payable to Lansley Commercial upon completion of the purchase.
Further information, tenancy documentation and viewings are available strictly through the sole selling agents, Lansley Commercial.