Investments for Sale - 1 and 3 Trafford Road RG1 8JP
Price:
Freehold - £725,000
Seller Ref:
TRAFFORD1AND3
Location:
Berkshire, Trafford Road, Reading
Business Type:
Commercial Property
1 and 3 Trafford Road, Reading, Berkshire RG1 8JP
DESCRIPTION
The premises comprise two traditional, detached industrial/warehouse buildings of traditional portal frame construction with brick elevations under a dual pitched roof.
The main industrial/warehouse area of each building is accessed via loading doors (2.9mW x 2.9mH) and benefit from a minimum height of 3.5m rising to a maximum height of approximately 5.4m; painted concrete floor; heating; lighting; 3-phase power supply and access to the offices.
The office accommodation to the front can also be accessed via a separate front pedestrian entrance and provides a mixture of open-plan and cellular accommodation; good natural light; heating and lighting.
The rear two-storey section of 1 Trafford Road also has the added benefit of being self-contained providing flexibility in the future. Externally both buildings boast ample on-site car parking and loading within a secure compound accessed via a shared gate.
ACCOMMODATION - 1 Trafford Road, Front Building
First floor office: 649 sq ft
GF office/production: 700 sq ft
Main industrial area: 3,569 sq ft
Total: 4,918 sq ft
ACCOMMODATION - 1 Trafford Road, Rear Unit
Rear GF industrial: 1,457 sq ft
First floor rear industrialo: 1,302
Total: 2,759 sq ft
Combined total 1 Trafford Road: 7,677 sq ft
ACCOMMODATION - 3 Trafford Road
First floor office: 721 sq ft
GF office/industrial: 751 sq ft
Main industrial area: 3,655 sq ft
Total: 5,128 sq ft
LEASE
The premises are available with the benefit of two new co-terminus ten-year FRI leases (both subject to Schedule of Conditions). Both leases remain protected by the Landlord & Tenant Act 1954 with tenant only break clauses at the end of the fifth year of each lease, exercisable with no less than six-months prior written notice and subject to an upward only open market rent review at the end of the fifth year of the lease. The tenant on both leases will be Nu-Pro Limited, the leases are guaranteed by Five Valleys Aerospace Limited
1 Trafford Road: Front building £27,071 pax = £5.50 psf
1 Trafford Road: Rear building £11,725 pax = £4.25 psf
Combined £38,796 pax = £5.05 psf
3 Trafford Road: Entire building £28,204 pax = £5.50 pax
TERMS
1 and 3 Trafford Road are offered separately or combined with the benefit of the new leases and rental income as mentioned above.
PRICE
1 Trafford Road: £420,000
3 Trafford Road: £305,000
Combined: £725,000
VAT
Both buildings are registered for VAT.
PLANNING
Whilst we understand both buildings benefit from B2 Industrial Use, interested parties are advised to satisfy themselves regarding the permitted planning use.
EPC RATINGS
1 Trafford Road: D
3 Trafford Road: D
VIEWING
For further information and viewing arrangements please contact Justin Fincham of the sole agents:
SHARPS COMMERCIAL
T: 0118 939 1600
E: jfincham@sharpscommercial.co.uk
The premises are situated in Trafford Road (off Cardiff Road) which forms part of the established Richfield Industrial Estate located approximately one mile to the north-west of Reading town centre and associated amenities, including Reading central railway station providing regular high speed services to London (Paddington) and the West Country.
Reading is served by Junctions 10, 11 and 12 of the M4 providing
excellent communications with London, Heathrow Airport, t and the national motorway network.
North Yorkshire
£ 750,000
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