2,338 sq ft. Investment for Sale
Price:
Freehold - £215,000
Location:
Berkshire, Trafford Road, Reading
Business Type:
Commercial Property
15 Trafford Road, Reading, Berkshire RG1 8JP
Fully let, income producing, industrial warehouse.
Let to Scott Group Limited trading as Thrifty Car & Van Rental for three years with an income of £18,700 pax.
Price: £215,000 representing a gross yield of approximately 8.75% with an excellent covenant.
The premises are not registered for VAT.
Industrial/warehouse: 1,800 sq ft (167.2 sq m)
First floor office: 538 sq ft (49.9 sq m)
Total: 2,338 sq ft (217.2 sq m)
The premises comprise a traditional industrial/warehouse unit of steel and blockwork construction with brick elevations under a flat roof.
The self-contained building is accessed via loading and pedestrian doors; the industrial/ warehouse area benefiting from concrete floor; 3-phase power supply; lighting and wc whilst the first floor provides predominantly open-plan office accommodation with good natural light, carpeting, lighting and wc.
Externally, Unit 15 has the ability to create a self-contained secure yard / parking area.
15 Trafford Road is let to Scot Group Limited (T/a Thrifty Car & Van Rental) on a three-year lease commencing 11 May 2010, at a rent of £18,700 pax.Scot Group Limited have an Experian credit report score of A Very Low Risk (confidence) with a pre-tax profit for year ending 31 March 2010 of £15,085,000.
15 Trafford Road is offered for sale freehold with the benefit of the existing lease and rental income.
We understand the unit benefits from B1C light industrial and B8 warehouse use, interested parties are advised to satisfy themselves regarding the permitted planning use.
Each party is responsible for their own legal and professional costs incurred during this transaction.
We have not tested the services. Interested parties are advised to make their own enquiries and satisfy themselves concerning all health and safety issues.
A Director of Sharps Commercial has an interest in this property.
For further information and viewing arrangements strictly via:
Justin Fincham
SHARPS COMMERCIAL
T: 0118 939 1600
E: jfincham@sharpscommercial.co.uk
www.sharpscommercial.co.uk
The premises are situated in Trafford Road which forms part of the established Richfield industrial area located approximately one mile to the north west of Reading town centre and associated amenities, including Reading central railway station that provides regular high speed services to London (Paddington) and the West Country.
2,338 sq ft (217.2 sq m) as detailed above.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|