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Property Listing Details

Office for sale

179A Oxford Road, Reading RG1

  • Investment
Offers in region of

£725,000

(£487.56/sq. ft)

Property details

  • Floor area 1,487 sq. ft

Features

  • Rare Freehold opportunity
  • 1,487 sq ft offices plus residential flats
  • Prominent town centre location
  • Ground floor office let until April 2022 producing £11,260 per annum
  • 3 x residential flats producing £29,220 per annum
  • Further development potential

Listing view statistics

Last 30 days: 60 page views

Since listed: 290 page views

Description

Summary

Freehold investment for sale comprising a mid-terrace three storey mixed use building in a prominent Reading town centre location

Location

The property occupies a prominent position on the south side of Oxford Road in an established commercial and residential location on the edge of Reading town centre, offering a wide range of shopping and leisure facilities along with Reading Railway Station.

Reading Railway Station lies approximately 0.5 miles to the east of the property, providing direct train services to London Paddington and London Waterloo. Reading West Station is also a short distance away and provides services to Basingstoke, Newbury and Reading.

Additional Description

The premises comprise of a three storey mid-terraced building. The ground floor provides a self contained office with front and rear access. The office is split into several rooms and benefits from kitchen and toilet facilities. The accommodation on the first and second floors is accessed independently via Oxford Road. The first floor provides vacant office accommodation and two one bedroom flats. The second floor provides a further one bedroom flat.

The property benefits from Prior Approval for the first floor offices to be converted into a 1 bedroom studio flat.

Accommodation

We understand the internal floor areas are as follows:-

Ground Floor (IPMS3): Office and ancillary Accommodation, 98.6 sq m, 1,061 sq ft
First Floor (IPMS3): OfficeOfficeFlat 1Flat 3 Accommodation, 23.416.2 sq m, 252174 sq ft
Second Floor: Flat 2 Accommodation,

Energy Performance Asset Ratings

Ground Floor Office – tbc
Flat 1 – F:34
Flat 2 – E:42
Flat 3 – F:33

Tenure

The property is held by way of Freehold.

Tenancies

The ground floor commercial unit is let to the chairman of the Dyslexia Research Trust on a 5 year Fri lease (3 Years Remaining) at £11,260 per annum exclusive. There is a mutual option to break at the end of the third year. The lease has been granted outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.

The 3 flats are let on Assured Shorthold Tenancy (AST) Agreements producing a total of £29,220 per annum.

Legal Costs/VAT

Each party to pay their own legal costs.

The property is not elected for VAT and therefore VAT is not payable on the purchase price.

Business Rates

The Rateable Value for the property has been assessed as £11,500 on the ground floor accommodation and £3,300 on the first floor accommodation.

Offers

We invite offers in the region of £725,000.

Viewing & Further Information

Please contact the sole agent for further information or an appointment to view.

Map & Nearby

Local Amenities

  • Reading West 0.2 miles
  • Reading 0.6 miles
  • Oxford Road Community School 0.1 miles
  • Civitas Academy 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Reading West 0.2 miles
  • Reading 0.6 miles
  • Oxford Road Community School 0.1 miles
  • Civitas Academy 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Haslams Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Haslams Commercial for full details and further information.