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Commercial Property for sale

Oxford Road, Reading, Berkshire, RG1

£485,000

Property Description

Key features

  • Freehold Investment Property
  • Development Potential
  • Reding, Berks

Full description

Tenure: Freehold

PREMISES

Ground Floor:- Fast Food Restaurant together with covered yard.

First / Second Floors:- Living Space (currently six rooms, two shower rooms - poor condition, needs refurbishment). Planning obtained for creation of two Flats.

Outside:- Rear Access: Parking for two cars.

CURRENT INCOME

A. The Ground Floor Catering Unit and Basement is let on lease with circa 8 years unexpired. Current rent 14,400 per annum.

B. The accommodation space is in need of total refurbishment before suitable for letting.

POTENTIAL

Planning approval has been obtained to create two flats on first and second floors. Copy of Plans and Consent available for inspection at the offices of Messrs A H Lansley by prior appointment.

PRICE:- 485,000 FREEHOLD

N.B. We understand the tenant of the Hot Food Catering Unit would consider accepting an offer to vacate the premises if Full Vacant Possession is required.


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