Commercial property for sale in Reading, England

Unbroken Residential Investment Opportunity.  16 newly refurbished flats (12 x 1 beds & 4 x two beds).  Prominent Town Centre location.  Reading Station less than 0.5m from the property.  Paddington station is 22 minutes away, with Crossrail providing direct access to Bond Street, Liverpool Street & Canary Wharf.  Every flat benefits from outside space.  GIA 1,455 sqm / 15,661 sqft.  NIA 1,108 sqm / 11,992 sqft.  Value add potential by reconfiguration to provide further bedrooms, enhancing the let and sale value.  Fully let producing £268,080 per annum.  For sale at a substantial discount to open market value.  Freehold.  Offers in excess of £3,500,000 (Three million five hundred thousand pounds) subject to contract for the Freehold interest, which equates to a very low capital value of £223 per sq ft and a gross initial yield of 7.66%.

Commercial property for sale in Reading, England

20 bedroom residential development for sale

Description

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