Skip to content

Royal Paradise Hyderabadi Cuisine, 250 Shinfield Road, Reading, RG2 8EY

£495,000

£176.16 per sq ft

Business rates & charges may apply

Lansley Commercial, Reading
SIZE AVAILABLE

2,810 sq ft

261 sq m

SECTOR

Restaurant for sale

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

An opportunity to acquire a freehold commercial investment at 250 / 250A Shinfield Road, Reading, comprising an established restaurant / takeaway premises with ancillary self-contained residential accommodation above.

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.

Energy Performance Certificates

EPC

Royal Paradise Hyderabadi Cuisine, 250 Shinfield Road, Reading, RG2 8EY

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Earley Station1.6 miles
  • Reading Green Park Station2.3 miles
  • Reading Station2.5 miles

About Lansley Commercial, Reading

111 Oxford Road, Reading, RG1 7UH

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.

Notes

These notes are private, only you can see them.

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.