Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a prominent mixed-use investment opportunity fully let to Greggs and forming part of a popular parade on a pedestrianised street.
Arranged as a double fronted retail unit with 2 x two bedroom maisonettes to the upper parts, the property is fully let to Greggs Plc on a 10 year lease expiring 25.07.2027 and paying £68,500 per annum.
The residential units include self-contained access at the rear of the property and therefore we consider the property may benefit from asset management potential via regaining possession of the upper parts upon lease expiry.
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
The property is fully let to Greggs Plc on a 10 year lease expiring 25.07.2027 and paying £68,500 per annum.
Greggs Plc
Rent
Notes
We understand the property is elected for VAT.