53 Loverock Road, Reading, RG30 1DZ
2,966 Sq Ft / Industrial / General Industrial
For Sale
- £495,000.00
Available - Last updated: 05 November 2024
Summary
An end terrace unit of steel frame construction under a metal roof incorporating translucent roof panels and with approximately 20 parking spaces.
Key Points
Freehold investment opportunityLet to Motorrific Limited on a 7-year lease from 29th September 2024 producing a headline rental income of £38,000 per annum exclusivePopular industrial estateExcellent car parking
Specification
- Open plan warehouse
- 3-phase power
- 4.5mW x 4.4mH concertina loading door
- 4.2m min eaves height
- 5.2m max eaves height
- Concrete floor
- Excellent parking with up to 20 spaces
- Kitchenette and WCs
Lease Summary
- Let to Motorrific Limited
- 7-year lease from 29th September 2024
- Mutual option to break at the end of the 5th year
- Photographic schedule of condition
- Headline rent of £38,000 per annum exclusive
- Rent free period stepped over first 4-years as follows: (Yr1 £30,000 pax, Yr2 £32,000 pax, Yr3 £34,000 pax and Yr4 £37,000 pax.
- Upward only rent review at end of 5th year.
- Outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
A copy of the lease is available on request.
Terms
Freehold offered for sale with the benefit of the lease and rental income.
Anti-Money Laundering Regulations
To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Viewing & Further Information
Please contact the sole agent for further information or an appointment to view.
Location
The premises are located between Loverock Road and Portman Road on the well-established and popular Battle Farm Trading Estate . J's 11 and 12 of the M4 are each within 5-miles providing access to London, Heathrow Airport and the national motorway network.
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Property Quote Price(s)
Description | Sale type | Guide price | Price type |
|
For Sale Freehold
|
£495,000.00
| NA |
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