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16-16A Norcot Rd 2,067 SF 100% Leased Retail Building Reading RG30 6BU $467,140 ($226.00/SF) 3.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Good road connections
- Close to residential
- Amenities nearby
EXECUTIVE SUMMARY
Mixed-use commercial freehold comprising 2 premises. The property provides both secure income and further potential. 16 Norcot Road is let to beautician, £11,000 p.a. rental income. 16A Norcot Road is vacant, 2-storey office, ERV £18,000 p.a. In addition, the site may offer a future development opportunity (subject to planning) for conversion to residential or mixed-use accommodation.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
2,067 SF
Building Class
B
Year Built
1919
Price
$467,140
Price Per SF
$226.00
Cap Rate
3.14%
NOI
$14,682
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.06 AC
Frontage
33’ on Norcot Road
AMENITIES
- Security System
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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16-16A Norcot Rd
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