70-72 Broad Street, Reading, Berkshire, RG1
£224.34 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,566 sq ft
331 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: Class E
E
Key features
- Long let, high yielding, South East investment
- Located in a strong position on Broad Street, Reading's prime retailing location.
- Two retail units arranged over three floors and totalling 3,566 sq ft (331.29 sq m).
- Paul and No1 Currency have recently signed new leases demonstrating their commitment to the location and providing an attractive WAULT of 9.26 years to expiry and 4.09 years to break.
- Paul's second bakery outside of Greater London.
- Topped up net income of £94,750 per annum.
- 99 Year Long Leasehold expiring 23rd June 2057.
Description
70 Broad Street is comprised of a small ground floor retail unit with significant basement ancillary area. 72 Broad Street is a well configured retail unit consisting of ground and first floor sales with office accommodation on the second floor.
The vendor is seeking a price of £800,000 (Eight Hundred Thousand Pounds), subject to contract & exclusive of VAT, which reflects the following yield profile (allowing for graduated purchaser's costs):
Net Yield Initial: 11.61%
Reversionary Yield: 12.94%
Energy Performance Certificates
EPC 1EPC 2Brochures
70-72 Broad Street, Reading, Berkshire, RG1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Reading Station0.2 miles
- Reading West Station0.7 miles
- Reading Green Park Station2.3 miles
Notes
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