Freehold Mixed-Use Investment, 250 250A Shinfield Road, Reading, RG2 8EY
Size
2,810
Tenure
Freehold
EPC
Parking
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- Primary use
- Restaurant
- Other use(s)
- Other
Key features
- Freehold commercial investment
- Price £495,000
- Let at £34,800 per annum
- Approx. gross initial yield 7.03%
- Restaurant/takeaway premises with extraction
- Ancillary self-contained flat above
- Prominent Shinfield Road position
- Current tenant: Royal Paradise Hyderabadi Cuisine
Description
The property is occupied by Royal Paradise Hyderabadi Cuisine, following the former China Garden business transfer and tenant fit-out / rebrand works.
The property is understood to be let at £34,800 per annum under a new Full Repairing and Insuring occupational lease. Purchasers should verify the completed lease, rent commencement date, rent review provisions, rent deposit deed, guarantees, VAT position, insurance arrangements and all supporting documentation through their own legal due diligence.
The accommodation includes a restaurant / customer dining area, counter / reception area, commercial kitchen, ancillary stores, WCs, rear access and self-contained residential accommodation above.
The property is situated on Shinfield Road, an established mixed-use route serving South Reading, the University of Reading and surrounding residential areas.
The immediate area includes a mix of residential neighbourhoods, independent retailers, food operators, service businesses and local amenities, providing local and passing trade.
Reading town centre, the University of Reading, Royal Berkshire Hospital and wider road connections are accessible from the surrounding road network.
Strictly by prior appointment through Lansley Commercial. No direct approach should be made to the tenant, staff or occupiers.
The property is offered for sale freehold, subject to the existing occupational lease and formal legal documentation. Guide Price £495,000.
The property is understood to be let at £34,800 per annum. Purchasers should verify the completed lease, rent commencement date, rent review provisions, rent deposit deed, guarantees, VAT position, insurance arrangements and all supporting documentation through their own legal due diligence.
All figures are quoted exclusive of VAT unless otherwise stated. VAT position to be confirmed.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
Freehold Mixed-Use Investment, 250 250A Shinfield Road, Reading, RG2 8EY
About Lansley Commercial, Reading
Lansley Commercial specialises in small business sales, valuations and commercial property disposals.
We act for owner-managed businesses and commercial property owners, handling mixed-use investments, retail units, offices and light industrial premises.
Our approach is practical and results-driven, with a focus on achieving market value and progressing deals through to completion.
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Disclaimer - Property reference 395975-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lansley Commercial, Reading. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.