Property Details

For Sale  

Freehold Commercial Mixed-Use Investment Property

Rent per annum £14,800.00

Ground Floor Shop with One Bed Flat Above

25 School Road,

Tilehurst, Reading, Berkshire,

RG31 5AR

Location

The property is ideally located on a busy road in a local centre in the village of Tilehurst, a well sought trading location.

Premises

Ground Floor-  Single Fronted A1 Commercial Unit (circa 13, x 12‘8&rdquo / 165sq.ft. - 15m2).  Workshop / Office (circa 13‘ x 10‘8&rdquo / 138sq.ft. - 13m2).  Kitchenette / Storage (circa 14‘ x 6‘6&rdquo / 90sq.ft. - 8m2).  Cloakroom.

First Floor-  Flat accessed through the shop. Kitchen (circa 14‘ x 6‘10&rdquo / 85sq.ft. - 8m2).  Living Room (circa 13‘5&rdquo x 11‘5&rdquo / 150sq.ft. - 14m2).  Bedroom (circa 13‘4&rdquo x 10‘ / 133sq.ft. - 12m2).  Shower Room (shower, toilet and basin).  Currently sub-let by tenant.

Outside

Two Storage Units.  One parking space.  Bin area.  Rear access.

Permitted Use

Class A1 / E Class (current operator – shoe repairs, key cutting, engraving, etc.).

EPC Rating

Shop and Flat - D-96 – September 2032

Rateable Value

£6,200

Rental Income

The property is let on a Full Repairing & Insuring Lease on the whole property (shop and Flat) for a term of 12 years ending 31st August 2025 at a current rent £14,800 per annum (£1,233.33 per calendar month).  Rent deposit held by Landlord - £6,300.  Last review date 1st September 2021 (not implemented).