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468 Basingstoke Rd 24,411 SF Retail Building Reading RG2 0JG $6,661,959 ($272.91/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Freehold 2.72 acre site with low building cover of 19% and secure yard.
- Prominently located on Bennet Road, 2 miles south of Reading town centre and 1 mile from J11 of the M4, offering excellent national road access.
- Features include a large service yard, ample customer parking, and external racking
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £5,000,000 (FIVE MILION POUNDS) subject to contract and exclusive of VAT.
— An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
— An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
24,411 SF
Building Class
B
Year Built
1970
Price
$6,661,959
Price Per SF
$272.91
Cap Rate
6%
NOI
$399,718
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
2.72 AC
Parking
20 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Fenced Lot
- Automatic Blinds
- Storage Space
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NEARBY MAJOR RETAILERS
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468 Basingstoke Rd
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