2 Gun Street, Reading, RG1 2JR

FOR SALE - Price Reduced. Rental Income - £25,000 per annum - 6.75% Return on Investment
LONG LEASEHOLD (999 YEARS) COMMERCIAL INVESTMENT PROPERTY ON THREE FLOORS
BUSINESS UNAFFECTED
2 GUN STREET,
READING, BERKSHIRE,
RG1 2JR
LOCATION
The property is situated in a busy, well established part of Reading occupying a prominent position on Gun Street and within close proximity to The Oracle Shopping Centre and a short walk to Broad Street and Reading Railway Station.
LONG LEASEHOLD
The property is held on a 999 year term commencing 16th November 1993.
NOTES
Rateable Value:- £35,500 - tenant is liable for rates
VIEWING
Strictly by prior arrangement with Messrs A H Lansley - 0118 959 0271.
PRICE:- £375,000 LONG LEASEHOLD - Reduced Price - Open to offers

Terms

The property is sub-let as a whole and trades as an Hair & Beauty Salon.  The sub-lease (within the Act) is for a term of 15 years (commencement date 27^th June 2012) and is subject to 5 year reviews. Current rent £25,000 per annum, i.e. £2083 per calendar month. ROI – 6.75% Currently.