Property photos
Just added
Freehold
Offers over
£1,325,000
Retail premises for sale
Friar Street, Reading RG1Local area information
Property location
Nearby amenities
- Reading 0.2 miles
- E P Collier Primary School 0.5 miles
- The Deenway Montessori School 0.5 miles
- Reading West 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Reading to find out more about the local area.
Features and description
- Freehold
- Freehold retail investment with architectural charm located in a prominent corner position in Reading town centre
- Income from 3 tenants currently producing £120,500 per annum with a WAULT of 7.6 years to expiry and 1.7 years to break
- Situated close to Reading station and The Oracle Shopping Centre
- Offers are invited in excess of £1,325,000, which represents a gross yield of 9.1%
Freehold retail investment located in a prominent corner position in Reading town centre. Income from 3 established tenants currently producing £120,500 per annum. Offers are invited in excess of £1,325,000, which represents a gross yield of 9.1%.
Location
The property occupies a prominent position at the junction of Friar Street and Queen Victoria Street in the heart of Reading town centre. Friar Street is one of Reading’s principal retail and leisure thoroughfares, benefiting from strong footfall and excellent visibility. The property is well connected, located approximately 200 metres from Reading Station, providing direct services to London Paddington on the Elizabeth Line in under 25 minutes as well as connections to the wider Thames Valley and national rail network.
Please note all times and distances given are approximate only.
Description
The property comprises a terrace of retail units fronting Friar Street, together with additional retail accommodation on Queen Victoria Street and self-contained upper parts.
149 Friar Street is arranged over ground and basement levels and is let to ssr Photo Ltd (t/a Snappy Snaps). The unit provides a well-configured ground floor retail area with ancillary accommodation in the basement.
150 Friar Street is also arranged over ground and basement floors and is let to jt Sushi Ltd (t/a You Me Sushi). The unit is fitted to a high standard as a quick-service restaurant with ground floor trading and basement storage/preparation space.
2 Queen Victoria Street comprises a small ground floor retail unit let to Phone Spa Ltd (t/a The Phone Spa), benefiting from a return frontage onto the busy pedestrian route linking Friar Street with Broad Street.
4 Queen Victoria Street provides ground and basement accommodation, currently let to a private individual trading as a Turkish Barber. This part has been sold off on a 999-year lease.
The upper floors, known as The Dog House, are self-contained offices accessed separately, currently let to tcn UK Ltd. This part has been sold off on a 999-year lease.
All interested parties are advised to rely on their own inspection and survey.
Tenure
The freehold interest is to be sold subject to the existing tenancies.
Vat
We have been informed that property is elected for VAT.
Terms
Offers are invited in excess of £1,325,000, which represents a gross yield of 9.1%.
Viewings
Viewings are strictly by appointment through sole agents Harston&Co.
Location
The property occupies a prominent position at the junction of Friar Street and Queen Victoria Street in the heart of Reading town centre. Friar Street is one of Reading’s principal retail and leisure thoroughfares, benefiting from strong footfall and excellent visibility. The property is well connected, located approximately 200 metres from Reading Station, providing direct services to London Paddington on the Elizabeth Line in under 25 minutes as well as connections to the wider Thames Valley and national rail network.
Please note all times and distances given are approximate only.
Description
The property comprises a terrace of retail units fronting Friar Street, together with additional retail accommodation on Queen Victoria Street and self-contained upper parts.
149 Friar Street is arranged over ground and basement levels and is let to ssr Photo Ltd (t/a Snappy Snaps). The unit provides a well-configured ground floor retail area with ancillary accommodation in the basement.
150 Friar Street is also arranged over ground and basement floors and is let to jt Sushi Ltd (t/a You Me Sushi). The unit is fitted to a high standard as a quick-service restaurant with ground floor trading and basement storage/preparation space.
2 Queen Victoria Street comprises a small ground floor retail unit let to Phone Spa Ltd (t/a The Phone Spa), benefiting from a return frontage onto the busy pedestrian route linking Friar Street with Broad Street.
4 Queen Victoria Street provides ground and basement accommodation, currently let to a private individual trading as a Turkish Barber. This part has been sold off on a 999-year lease.
The upper floors, known as The Dog House, are self-contained offices accessed separately, currently let to tcn UK Ltd. This part has been sold off on a 999-year lease.
All interested parties are advised to rely on their own inspection and survey.
Tenure
The freehold interest is to be sold subject to the existing tenancies.
Vat
We have been informed that property is elected for VAT.
Terms
Offers are invited in excess of £1,325,000, which represents a gross yield of 9.1%.
Viewings
Viewings are strictly by appointment through sole agents Harston&Co.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Harston&Co. 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 Harston&Co for full details and further information.