SOLD / WITHDRAWN
07/10/22
511
DR.1554 / Rightbiz
For Sale - Freehold Commercial Mixed-Use Investment Property - Ground Floor Shop with Self-Contained One Bed Flat Above - 27 School Road, Tilehurst, Reading, Berks
Location
The property is ideally located on a busy road in a local centre in the village of Tilehurst, a well sought trading location.
Premises
Ground Floor:- Single Fronted A1 / E Class Commercial Unit. Office.
First Floor:- Flat accessed through side door at the front of the Shop:- Living Room. Kitchen. Bedroom. Bathroom. Currently sub-let by tenant.
Outside
Garage. Covered area to side of building used to display outdoor garden products. Storage Area. Bin area. Rear access.
Permitted Use
Class A1 / E Class (current operator:- independent hardware store).
EPC Rating
C-68
Rateable Value
£6,600
Rental Income
The property is let on a Full Repairing & Insuring Lease on the whole property (shop and Flat) for a term of 10 years from 25th February 2014 expiring on the 24th February 2024 at a current rent £18,000 per annum (£1,500 per calendar month). Last review 2019. The tenant will not be renewing his lease next year, hence vacant possession from February 2024.
Price:- £265,000 Freehold
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