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Foodstore anchored retail investment

Reading, Vereinigtes KönigreichAdresse freischalten

85%

£9.390.000

Einzelhandel

#14512

Core, Core+

2 Feb 2024

Immobilieneinzelheiten

Makler

Zu verkaufen

29,403 ft²

2.732 m²

Mietfläche

319 £/ft²

3.437 £/m²

5.50 %

Mietbesitz

978

X

Gebühren

0.00 %

0.40 %

0.00 %

0.40 %

Investitionsübersicht

Reading is a large and affluent town in the south-east of England, with catchment population of 391,000. A foodstore anchored retail park providing a rare blend of quality food & grocery occupiers, a drive-thru, national coffee shop operator and fast food take away units. Comprising 5 units plus a standalone drive thru restaurant, with a 110 space surface car park. Total net operating income of £550,973 p.a. with an ERV of £594,360 p.a. WAULT of 9.7 years to expiry and 8.1 years to break Total site area c 4 acres with strong alternative use value. 999 year leasehold interest (virtual freehold) with a ground rent of £100 pa. Ability to purchase the Freehold interest from March 2025 for £1,000. 110 space surface car park providing a ratio of 1:267. The site also includes a BP petrol filling station and Toby Carvery public house both of which have been sold off on long leasehold interests. The site area extends to approximately 4 acres/1.62 hectares.