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2 Gun Street, Reading, RG1 2JR
1,200 Sq Ft / Retail / Investment
Sold - Last updated: 13 November 2024
FOR SALE - Price Reduced. Rental Income £25,000 per annum - 7% Return on Investment LONG LEASEHOLD (999 YEARS) COMMERCIAL INVESTMENT PROPERTY ON THREE FLOORS BUSINESS UNAFFECTED 2 GUN STREET,READING, BERKSHIRE, RG1 2JR LOCATION - The property is situated in a busy, well established part of Reading occupying a prominent position on Gun Street and within close proximity to The Oracle Shopping Centre and a short walk to Broad Street and Reading Railway Station.LONG LEASEHOLDThe property is held on a 999 year term commencing 16th November 1993.NOTESRateable Value:- £35,500 - tenant is liable for rates VIEWING Strictly by prior arrangement with Messrs A H Lansley - 0118 959 0271.PRICE:- £357,500 LONG LEASEHOLD - Reduced Price - Open to Offers
Terms
The property is sub-let as a whole and trades as an Hair and Beauty Salon. The sub-lease (within the Act) is for a term of 15 years (commencement date 27June 2012) and is subject to 5 year reviews. Current rent £25,000 per annum, i.e.£2083 per calendar month. ROI - 7% Currently.
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