Commercial property for sale in Norcot Road, Tilehurst, Reading RG30

From £350,000
Commercial property for sale
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Property features

  • Commercial unit investment let £13,752 pa
  • New 15 year lease commencing 25th May 2021
  • Mutual Landlord and Tenant breaks in years 2026 and 3031
  • 3 Bedroom flat in moderate condition
  • Potential to mondernise the flat and sell off on a long lease or retain as an investment

Property description

Strapline

Auction Sale - 07/07/2021

Of interest to Investors. A well located 2 storey property comprising of a commercial premise on the ground floor let on a new lease and 3 bedroom maisonette flat on the 1st Floor Vacant.

Part Vacant and Let Property.

Investment Let at £13,752 pa

Description



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Flat

A well located 2 storey mixed use property.

The commercial premise is accessed from the front of the property while the 3 bedroom flat is accessed to side.

The commercial premise has been let out on a new lease to Berkshire Facilities Management Ltd which offers a commercial cleaning service and has been in operation since 2019.

The residential flat has previously been let out and will be vacant on completion.

Location



The site is located in West Reading and can be accessed via the Norcot Road located between the junctions of Blundells Road and School Road.

Local amenities can be found on Norcot Road and further a field in Reading city centre.Tilehurst station is located 0.9 miles away (approximately)

Transport



Tilehurst Station - National Rail (Great Western Service with services to Didcot Parkway and London Paddington)

Tenancy



Lease commencing 25th May 2021 on a 15 year term

Up wards only rent reviews in 2026 and 2031

Landlord and tenant mutual breaks in 2026 and 3031

Accommodation



Ground floor - Retail unit and Entrance to 1st Floor flat

1st floor/ Ground - Entrance Hall, 2 Bedrooms, Living Room, Kitchen, Bathroom W/C

2nd Floor/Loft - 1 Bedroom

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For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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