RG1 Units, C5-C11 Reading Small Business Centre, Weldale Street, Reading

Multi let industrial investment for sale as a whole or in two blocks in Reading

The premises comprise a multi let industrial / warehouse estate split in two terraces. The units benefit from a mixture of uses to include B1c light industrial, B8 storage/distribution & trade counter.

The investment is available for sale as a whole or in two blocks (Units C5-C8 and Units C9-C11).

- 7 self-contained units

- 3 phase power in each unit

- Minimum eaves height of 4.5m

- Large loading doors

- First floor offices

- Onsite parking

- Steel portal frame construction

- Part brick/part metal sheet cladding

Please refer to the particulars of sale for a full tenancy schedule.

Long leasehold interest comprising a 125-year underlease from 25th March 1985.

To be assessed

The long leasehold interest is offered for sale with the benefit of the sub-leases and rental income.

Offers invited above £1.15M for the whole, or above £685,000 for Units C5-C8 and above £465,000 for Units C9-C11, subject to contract and exclusive of VAT. A combined sale at £1.15M reflects a net yield of 9.46% and purchase costs of 5.89%.

Each party to bear their own legal and professional costs. The property has been elected for VAT.

The vendor intends treating this transaction as a Transfer of a Going Concern (TOGC).

To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.

Please contact the sole agents for further information or an appointment to view.

Multi let Thames Valley industrial investment

7 Industrial /

warehouse / trade counter units

Available as a whole or in two blocks

Excellent access to Reading centre and M4 J11

Current total rental income of £115,250 pax

A combined sale at £1.15M reflects a net yield of 9.46% assuming purchase costs of 5.89%

Price per block: Units C5-C8: £685,000

Units C9-C11: £465,000

Reading Small Business Centre is located off Weldale Street, which is accessed from the Inner Distribution Road (IDR) offering direct access via the A33 to Junction 11 of the M4, being within 5 miles distance.

Reading Crossrail train station is just a 5-minute walk providing frequent services to London and the West Country.

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