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357 Oxford Rd 1,300 SF 100% Leased Retail Building Reading RG30 1AY $413,753 ($318.27/SF) 6.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Close to residential roads
- Amenities nearby
- Good road connections
EXECUTIVE SUMMARY
The property is let on a Full Repairing & Insuring Lease on the whole property (shop and Flat) for a term of 15 years from 4th December 2015 expiring on the 3rd December 2030 at a current rent £21,360 per annum (£1,780 per calendar month). 5 yearly rent reviews - next review date 3rd December 2025. The tenant has shown potential interest in selling their business in the near future, presenting possible opportunities for buyer occupation or other options.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,300 SF
Building Class
B
Year Built
1951
Price
$413,753
Price Per SF
$318.27
Cap Rate
6.89%
NOI
$28,509
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
AMENITIES
- Automatic Blinds
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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357 Oxford Rd
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