149-150 Friar Street & 2-4 Queen Victoria Street, Reading RG1
Freehold
Fully let ground floor retail parade totalling 2,859 sq ft
Current net income of £145,500 per annum
The property has a WAULT of circa 6.93 years to expiry and 2.05 years to break
Upper floors have been sold off on a long lease and currently trade as modern serviced offices
Low sustainable rents
The vendor is seeking offers in excess of £1,650,000 subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 8.31% allowing for graduated purchasers’ costs.
Contact
Please contact us for further information regarding any of the acquisitions on our site.
Jamie Baruch
07889 085 112
jamiebaruch@tydusre.com
Freddie Dade
07929 321 709
freddiedade@tydusre.com
Will Elphinstone
07876 131 346
willelphinstone@tydusre.com