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Just added
Leasehold
Non quoting
Industrial for sale
Units C5-C11 Reading Small Business Centre, Weldale Street, Reading RG1From 3,212 - 7,352 sq. ft
Local area information
Property location
Nearby amenities
- Civitas Academy 0.2 miles
- E P Collier Primary School 0.3 miles
- Reading 0.3 miles
- Reading West 0.5 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
- Leasehold
- Multi let Thames Valley industrial investment
- 7 Industrial / warehouse / trade counter units
- Available as a whole or in two blocks
- Excellent access to Reading centre and M4 J11
- Current total rental income of £110,090 pax
- A combined sale at £1.3M reflects a net yield of 8.0% assuming purchase costs of 5.99%
- Price per block: Units C5-C8: £775,000 Units C9-C11: £525,000
Description
The premises comprise a multi let industrial / warehouse estate split in two terraces. The units benefit from a mixture of uses to include B1c light industrial, B8 storage/distribution & trade counter.
The investment is available for sale as a whole or in two blocks (Units C5-C8 and Units C9-C11).
Location
Reading Small Business Centre is located off Weldale Street, which is accessed from the Inner Distribution Road (idr) offering direct access via the A33 to Junction 11 of the M4, being within 5 miles distance.
Reading Crossrail train station is just a 5-minute walk providing frequent services to London and the West Country.
What3words: ///drove.agrees.drum
Specifications
- 7 self-contained units
- 3 phase power in each unit
- Minimum eaves height of 4.5m
- Large loading doors
- First floor offices
- Onsite parking
- Steel portal frame construction
- Part brick/part metal sheet cladding
Tenure
Long leasehold interest comprising a 125-year underlease from 25th March 1985.
Energy Performance Asset Ratings
To be assessed
Terms
The long leasehold interest is offered for sale with the benefit of the sub-leases and rental income.
Offers invited above £1.3M for the whole, or above £775,000 for Units C5-C8 and above £525,000 for Units C9-C11, subject to contract and exclusive of VAT. A combined sale at £1.3M reflects a net yield of 8.0% and purchase costs of 5.99%.
Legal Costs / VAT
Each party to bear their own legal and professional costs. The property has been elected for VAT.
The vendor intends treating this transaction as a Transfer of a Going Concern (togc).
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 agents for further information or an appointment to view.
Tenancy Schedule
Please refer to the particulars of sale for a full tenancy schedule.
The premises comprise a multi let industrial / warehouse estate split in two terraces. The units benefit from a mixture of uses to include B1c light industrial, B8 storage/distribution & trade counter.
The investment is available for sale as a whole or in two blocks (Units C5-C8 and Units C9-C11).
Location
Reading Small Business Centre is located off Weldale Street, which is accessed from the Inner Distribution Road (idr) offering direct access via the A33 to Junction 11 of the M4, being within 5 miles distance.
Reading Crossrail train station is just a 5-minute walk providing frequent services to London and the West Country.
What3words: ///drove.agrees.drum
Specifications
- 7 self-contained units
- 3 phase power in each unit
- Minimum eaves height of 4.5m
- Large loading doors
- First floor offices
- Onsite parking
- Steel portal frame construction
- Part brick/part metal sheet cladding
Tenure
Long leasehold interest comprising a 125-year underlease from 25th March 1985.
Energy Performance Asset Ratings
To be assessed
Terms
The long leasehold interest is offered for sale with the benefit of the sub-leases and rental income.
Offers invited above £1.3M for the whole, or above £775,000 for Units C5-C8 and above £525,000 for Units C9-C11, subject to contract and exclusive of VAT. A combined sale at £1.3M reflects a net yield of 8.0% and purchase costs of 5.99%.
Legal Costs / VAT
Each party to bear their own legal and professional costs. The property has been elected for VAT.
The vendor intends treating this transaction as a Transfer of a Going Concern (togc).
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 agents for further information or an appointment to view.
Tenancy Schedule
Please refer to the particulars of sale for a full tenancy schedule.
More information
Listed by
Haslams Commercial
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