Unit 1, 123 Loverock Road

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Key Points

Summary

Industrial / warehouse unit with mezzanine storage and excellent parking available for sale or to let in Reading

Description

The property comprises a warehouse unit constructed in the mid 1980’s from a steel portal frame, with part brick and part profiled metal cladding elevations, under a pitched metal roof incorporating roof lights, with ground and first floor offices to the front.

The unit has undergone improvement works to include a new overclad roof, fully redecorated internal interior walls and new carpeted floor coverings in the office areas of the property.

Location

Loverock Road is accessed via Portman Road, a short distance from Reading Town Centre, Reading Station and its retail and leisure amenities. Road communications are good with J11 of the M4 Motorway easily accessible via the A33 Reading Relief Road providing direct links with London, Heathrow airport and the National Motorway Network.

Promo

RENT ONLY £7.75 PSF PER ANNUM

Amenities

- Electric roller shutter door
- 3-phase power
- Secure shared yard for delivery access
- Min eaves 5.25m (6.5m to haunch)
- Aluminium glazed windows and front door with security shutters
- Warehouse heaters
- Gas central heating and A/C to offices
- Intercom system
- Fire alarm system
- 16 allocated parking spaces
- Ground and first floor Male & Female WC’s
- Ground floor kitchenette

Terms

The property is available for sale freehold with vacant possession, or alternatively on a new FRI lease for a term to be agreed.

Legal Costs / VAT

Each party to bear their own legal costs.

Price and rent are quoted exclusive of VAT which will be charged.

Viewing & Further Information

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

Price / Rent

Price: £1,500,000

Rent: Only £7.75 per sq ft equating to £72,000 per annum exclusive for the first 3-years.