Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding mixed-use investment forming part of a popular local parade and benefitting from a prominent pedestrianised pitch.
Arranged as a double fronted retail unit to the ground floor (and a small area to the first floor at the rear) with 2 x two bedroom maisonettes to the upper parts, the property is fully let to three tenants and producing a total rent of £119,400 per annum.
The ground floor is let to Peacocks Stores Properties Limited t/a Peacocks on a recently extended lease expiring 21.10.2029 and paying £90,000 per annum.
The upper parts include separate accesses from the rear and are let on two separate Assured Shorthold Tenancy Agreements producing £14,400 per annum and £15,000 per annum respectively. Please see the tenancy schedule and legal pack for more information.
The property forms part of a popular local parade with a prominent frontage to the pedestrianised heart of Woodley, an affluent suburb of Reading. The parade forms the principal retail amenity for Woodley and is characterised by a number of national retailers including Costa, Iceland, Boots and Waitrose.
Tenure
Freehold
Tenancy
Please See the Tenancy Schedule and Legal Pack for more information
Rent
Notes
We understand the property is elected for VAT