Property Information
Address:
5a & 5c Church Road, Reading, Berkshire
, RG4 7AA
, Berkshire
, United Kingdom
Price: Property no longer available.
Size: 2420 sq ft225 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH643500
Property Ref/Agent: 339
*Please use the agent ref when calling the agent directly.
Property description
Rare opportunity to acquire two purpose built commercial premises with residential upper parts in central Caversham.
5a Church Road is prominently positioned and comprises a ground floor shop with two spacious 1-bed flats above.
5c Church Road is located to the rear and comprises a storage unit on the ground floor with a 1 bed flat above.
The property has potential (STP) for further development by infilling the area between the 5a and 5c, as well as increasing the height of 5c to 3-storeys.
Fully let and income producing mixed use investment
Producing an annual rent of £58,980
New 10-year IRI lease with rolling break from 3rd year on ground floor shop / store
Optional vacant possession of ground floor shop and store
Shorthold tenancy agreements on all 3-flats
See tenancy schedule for further information
Potential for further development / conversion (STP)
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