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156-158 Friar St 2,070 SF Retail Building Reading RG1 1HJ $2,402,435 ($1,160.60/SF)

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INVESTMENT HIGHLIGHTS

Located in the heart of Reading town centre
Located the corner of Friar Street and Cross Street

Reading mainline train station is just a 5 minute walk

EXECUTIVE SUMMARY

Retail and residential investment for sale to include 6 residential flats - four 1 bedroom and two 2 bedroom. Flats arranged as follows; Flats 1 & 2 - first floor. Flats 3 & 4 - second floor. Flats 5 & 6 - third floor. Ground floor retail unit is let on a new 10 year lease to Bet Fred / Done Brothers (Cash Betting) Ltd.

Brochure

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Storefront Retail/Residential

Building Size

2,070 SF

Building Class

Year Built

1888

Price

$2,402,435

Price Per SF

$1,160.60

Tenancy

Single

Building Height

5 Stories

Frontage

45’ on Cross St

Bus Line

Energy Performance Rating - D

Storage Space

MAJOR TENANTS

-
1,664 SF
-
Oct 2022

Betfred is a trusted and respected global brand in the betting and gaming industry, with over 50 years of proud history as a family-owned business. Their commitment to a fair, safe, and enjoyable experience for their customers is at the heart of everything they do. As they continue to grow and innovate, they remain dedicated to their core values of integrity, innovation, and customer satisfaction, which also guide their collaborations with their trusted partners. Betfred is one of the largest independent bookmakers in the UK, with 1,350 betting shops and an online business with over 800,000 active customers. They have expanded to the USA, offering to play online and in person across ten states. They have also recently established a presence in South Africa with over 50 betting halls for their customers, plus a state-of-the-art Sportsbook and gaming website to play online.