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55 - 59 Whitley Street, Reading, BKS
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55-59 Whitley Street
Reading, RG2 0EG
3,296 sq ft
For sale price:
£235.13 sq ft
The property comprises a mid-terrace building of traditional brick construction under a pitched tiled roof, arranged over ground and first floors with retail space throughout.
The property is located on the western side of Whitley Street close to its junction with Christchurch Road. Reading is located 37 miles west of Central London and is easily accessible via the M4 (junction 11) and the A33. Reading and Reading West railway stations are within easy reach.
The available space comprises ground floor retail accommodation measuring 1,843 sq ft, with a rear yard of 2,039 sq ft. There is residential accommodation above by way of two flats totalling 1,552 sq ft.
The property is offered freehold with either full vacant possession or as an investment with existing lease, at a passing rent of £43,000 per annum for the entire building. The existing FRI lease for the entire property is granted to Stupta Limited (with two guarantors) as a restaurant and take away for a term of 20 years from 10th August 1999, expiring in august 2019. Howeve, a revisionary lease is currently in place running from 10th August 2019 to 9th August 2034 with five yearly rent reviews (current rent passing is £43,000 per annum exclusive).
CLICK HERE TO CONTACT THE SELLING AGENT
Willmotts Ealing Ltd
020 8222 9946
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