We are instructed to seek offers in the region of £535,000 to reflect an attractive NIY of 8.0%.
Prime retail investment in prosperous Berkshire town, let to The Entertainer on a new 5 year lease expiring February 2030. Upper floor flats have been sold off on long leases.
The property comprises a three-storey building arranged as a large retail unit on the ground floor and part first floor, with 2 self-contained flats on the first and second floors. The property was originally constructed in 1964, extended at first floor level in 1999 and was significantly refurbished and re-purposed in 2019 into it’s current configuration. The 2 flats have been converted to a high standard, each comprising 2 bedrooms, and have been sold on long leases. Construction is of a steel frame with predominantly brick elevations, beneath flat roofs to the front, and part pitched and profile clad to the rear first floor extension. The property has the benefit of a 500kg goods lift, and rear servicing with access from Knoll Road.