Commercial property for sale in High Street, Theale, Reading RG7
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment let at £18,900
- P.a.
- Ground floor let at £10,500p.a.
- Upper floor office currently let at £8,400p.a. (The tenant is currently holding over and has confirmed they will be vacating on the last day of April 2023)
- Development potential to convert the self contained upper two floors into a 2 bedroom flat (subject to the requisite consents)
- Future asset management potential
- Located in an attractive and affluent area
- No Vat
Property description
Strapline
Auction Sale - 18/04/2023
Of Interest to Investors and Developers
An attractive end of terrace retail unit and self contained upper floor office with future development potential to convert the upper floors into a 2 bed flat.
Currently Investment let at £18,900 p.a.
Description
The property is an attractive end of terrace 3 storey property forming part of an established shopping parade. The property comprises of a retail unit on ground floor and office on 1st and 2nd floor. There is a passage to the side which offers access to the upper floors via a separate entrance.
Nearby occupiers include the Coop, Coral & post office as well as a wide selection of boutique and independent, restaurants, pubs and shops.
Location
The property is located on the northern side of the high street and can be found between the junctions of Brewery Court and Crown Lane.
Theale Station is located an approx. 0.4 miles from the property
Transport
Theale Station - National Rail Services
Tenancy
23 High Street - Ground floor
- Let to Sansome and George (Hampshire) Limited
- Current lease 3 years from 01/11/2021
- The tenant has verbally expressed to the vendor that they wish to extend there lease
- Investment let at £10,500 p.a.
23 High Street - 1st and 2nd floor
- Let to National Chauffeurs Limited
- 2 years from 01/09/2018 (Holding over and has confirmed they will be vacating on the last day of April 2023)
- Investment let at £8,400 p.a.
Accommodation
Floor plans to follow
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
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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