FOR SALE – LONG LEASEHOLD (999 YEARS) COMMERCIAL INVESTMENT PROPERTY ON THREE FLOORS – BUSINESS UNAFFECTED
Price Reduced – Rental Income of £25,000 per annum – 6.75% Return.
LOCATION:- The property is situated in a busy, well established part of Reading occupying a prominent position on Gun Street and within close proximity to The Oracle Shopping Centre and a short walk to Broad Street and Reading Railway Station.

PROPERTY:- The Three Storey Terraced 999 Year Long Leasehold Property (total size circa 1,350sq.ft.) comprises:-

Ground Floor:- Hairdressing Salon (approx. 25’8” x 16’10” – 450sq.ft.). Fire exit and bin area at rear.

First Floor:- Salon (approx. 28’7” x 9’ – 258sq.ft.). Beauty / Nail (approx. 13’2” x 8’1” – 107sq.ft.). Beauty Room (approx. 12’2” x 7’8” – 96sq.ft.).

Second Floor:- Beauty Room One (approx. 13’3” x 8’3” – 108sq.ft.). Beauty Room Two (approx. 11.11” x 8’6” – 100sq.ft.). Kitchenette (approx. 11’9 x 9’3” – 108sq.ft.). Utility Cupboard. Water Heater Cupboard. Boiler. Two toilets.

EPC RATING:- D-81

LONG LEASEHOLD:- The property is held on a 999 year term commencing 16th November 1993.

RENTAL INCOME:- The property is sub-let as a whole and trades as a Hair & Beauty Salon. The sub-lease (within the Act) is for a term of 15 years (commencement date 27th June 2012) and is subject to 5 year reviews. Current rent £25,000 per annum, i.e. £2083 per calendar month. ROI – 6,75% Currently.
Rateable Value:- £35,500 – tenant is liable for rates
EPC Rating:- D-81 (expires 8th March 2031).
PRICE:- £375,000 LONG LEASEHOLD