Commercial property for sale in High Street, Theale, Reading RG7, £225,000
225,000.00
Offer Nr.:
64335188
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Savills - National Auctions
Phone(s):
020 8022 4160
Email:
* 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 andhas 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 (subjectto the requisite consents)
* Future asset management potential
* Located in an attractive and affluent area
* No Vat
**Strapline**
Auction Sale - 18/04/2023
Of Interestto Investors and Developers
An attractive end of terrace retail unit and self contained upper floor office
with future development potential to convert the upper floorsinto 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
anestablished 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 accessto 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_
* Letto 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 confirmedthey will be vacating on the last day of April 2023)
* Investment let at £8, 400 p. a.
**Accommodation**
Floor plans to follow
* 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
* Development potential to convert the self contained upper two floors into a 2 bedroom flat (subject
* Future asset management potential
* Located in an attractive and affluent area
* No Vat
**Strapline**
Auction Sale - 18/04/2023
Of Interest
An attractive end of terrace retail unit and self contained upper floor office
with future development potential to convert the upper floors
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
ground floor and office on 1st and 2nd floor. There is a passage to the side
which offers access
Nearby occupiers include the Coop, Coral & post office as well as a wide
selection of boutique and independent, restaurants,
**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
* Current lease 3 years from 01/11/2021
* The tenant has verbally expressed to the vendor that they wish to extend there lease
*
_23 High Street - 1st and 2nd floor_
* Let to National Chauffeurs Limited
* 2 years from 01/09/2018 (Holding over and has confirmed
* Investment let at £8, 400 p. a.
**Accommodation**
Floor plans to follow
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