Portfolio with Development Potential – Crockhamwell Road Reading RG5
Off-Market Development in Reading
- Off market
- A corner plot parade of retail units and offices in Woodley Town Centre
- Total GIA – 11,950 sq.ft
- Potential to convert the office, to extend over the flat roof, to extend into the car park and to add an additional floor in line with the building next door (all STPP)
- Multi-let to five tenants producing a total rent of £204,218 p.a.
- 53/55 Ground floor – A C Buck (Woodley Goldsmiths) – Size: 1259 sq ft – Lease start: Oct 2013 – Term: 10 years – Rent: £26,000
- 53B First floor – Architectural Profiles Ltd – Size: 2133 sq ft – Lease start: June 2018 – Term: 10 years – Rent: £30,968
- 53A First floor – Finch Commercial Insurance Brokers Ltd – Size: 3143 sq ft – Lease start: March 2008 – Term: 20 years – Rent: £48,750
- 53 Ground floor – Lloyds Bank – Size: 2449 sq ft – Lease start: June 2008 – Term: 45 years – Rent: £36,000
- 55a/55b Ground floor – Loungers Limited – Size: 2966 sq ft – Lease start: March 2013 – Term: 15 years – Rent: £62,500
o Sub station – Southern Electricity PLC – Lease start: July 1983 – Term: 999 years
- Located close to Reading Town Centre. 3.7 miles from Reading Main Line Station
- Yield circa 6.6% gross
- Selling price £3.1m.
We will require a buy side fee.
Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.
In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.
Office: +44(0)330 2236988
#investments #developments #residentialdevelopments #residentialinvestments #trellows #trellowsinvestments