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115 Reading Road, Yateley

For sale: £750,000.00|5666 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£750,000.00
SIZE5666 Sq Ft
ADDRESS115 Reading Road, Yateley, Yateley, GU46 7LR
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON17th January 2020

DESCRIPTION

Key Points

  • Rare Freehold opportunity
  • Prominent location
  • Let to One Stop Community Stores Ltd producing £47,000 per annum
  • Minimum of 10 car parking spaces
  • Summary

    Freehold investment for sale comprising a mixed use building providing two retail units and an office

    Description

    The property comprises a detached part single, part two storey mixed use building. The property provides two retail units on the ground floor, one used as a One Stop convenience store and the other as a KFC restaurant. The office accommodation above is used by One Stop as a training room. To the front of the property is a large forecourt area providing car parking and loading. A loading bay is also attached to the side of the property.

    Viewings

    Please contact the sole agents for further information or an appointment to view.

    Location

    The property is situated on the south side of Reading Road, in the popular town of Yateley. Nearby occupiers include Greggs, Barclays Bank, Lloyds Chemist and Lloyds Bank. The property is within easy reach of Wokingham, Bracknell and Farnborough town centres and both the M3 and M4 Motorways.

    Terms

    The freehold interest is offered for sale. We invite offers in excess of £750,000.

    Tenancies

    The entire property is let to One Stop Community Stores Limited on an FRI lease (9 years remaining) at £47,000 per annum exclusive. There is a tenant option to break at the end of the fifth year. The lease has been granted inside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954. For the avoidance of doubt, the tenant has sublet part of the demise on the ground floor to KFC.

    Legal Costs / VAT

    Each party to bear their own legal costs. Prices are quoted exclusive of VAT which will not be charged.

    LOCATION

    Location: 115 Reading Road, Yateley, Yateley, GU46 7LR

    Sandhurst (1.1 miles)

    Crowthorne (1.7 miles)

    Blackwater (2.3 miles)

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