53 Loverock Road, Reading, RG30 1DZ

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

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