£500,000
Retail premises for sale
Property photos
Just added
Leasehold
£500,000
(£484.97/sq. ft)
Retail premises for sale
150 Friar Street, Reading, Berkshire RG11,031 sq. ft
Local 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
- Leasehold
- Retail investment with architectural charm located in a prominent position in Reading town centre
- Occupied by jt Sushi Ltd (t/a You Me Sushi), with a current passing rent of £45,000 per annum
- Situated close to Reading station and The Oracle Shopping Centre
- Offers are invited in excess of £500,000, which represents a gross yield of 9%
- EPC Rating - C
Retail investment located near a prominent corner in Reading town centre. Income from an established tenant, currently producing £45,000 per annum. Offers are invited in excess of £500,000, which represents a gross yield of 9%.
Location
The property occupies a prominent position near 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 is 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.
The property is let on a 15-year lease from June 2022, with a current passing rent of £45,000 per annum. The next rent review is in June 2027. There is a break clause in June 2027 with a break penalty of £30,000, if exercised.
All interested parties are advised to rely on their own inspection and survey.
Tenure
The property is to be sold subject to the existing tenancy, by way of a 999-year lease.
Vat
We have been informed that property is elected for VAT.
Terms
Offers are invited in excess of £500,000, which represents a gross yield of 9%.
Viewings
Viewings are strictly by appointment through sole agents Harston&Co.
Location
The property occupies a prominent position near 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 is 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.
The property is let on a 15-year lease from June 2022, with a current passing rent of £45,000 per annum. The next rent review is in June 2027. There is a break clause in June 2027 with a break penalty of £30,000, if exercised.
All interested parties are advised to rely on their own inspection and survey.
Tenure
The property is to be sold subject to the existing tenancy, by way of a 999-year lease.
Vat
We have been informed that property is elected for VAT.
Terms
Offers are invited in excess of £500,000, which represents a gross yield of 9%.
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.