Summary
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 and sui generis.
Key Points
Multi let Thames Valley industrial investmentSouth Reading Estate12 Industrial / warehouse / trade counter unitsExcellent access to Reading centre and M4 J11Rental income of £218,565 pax reflecting a net yield of 7.47% assuming purchase costs of 6.42%
Specification
- 12 self-contained units
- 3 phase power in each unit
- Clear height of 3.5m
- Max height of 4.1m
- Car parking
- Loading doors (2.5mW x 2.3mH)
- Separate pedestrian entrances
- Steel portal frame construction
- Part brick/part metal sheet cladding
Tenure
The long leasehold, comprising a 125-year lease dated 16th April 1984 from Reading Borough Council is offered for sale with the benefit of the existing leases and £218,565 pa rental income.
Energy Performance Asset Ratings
EPC Ratings B-D.
Certificates available upon request.
Terms
£2,750,000 (Two million seven hundred and fifty thousand pounds), subject to contract and exclusive of VAT.
A sale at this price reflects a net yield of 7.47% and purchase costs of 6.42%.
Legal Costs / VAT
Each party is 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.
Location
The Micro Centre is located off Gillette Way, a short distance from Rose Kiln Lane and the A33 Reading Relief Road. Road communications are excellent with Junction 11 of the M4 motorway easily accessible providing direct communications with London, Heathrow Airport and the national motorway network. There is a large Morrisons supermarket and various other retail outlets close-by.
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