1,350 sq ft
For Sale
Investment / Retail
| Property Type | Investment / Retail |
| Tenure | For Sale |
| Size | 1,350 sq ft |
| Price | £375,000.00 |
| Business Rates | £8.96 per sq ft |
| Energy Performance Rating | This property has been graded as B (50) |
24 Prospect Street is prominently located within the heart of Caversham, one mile north of Reading town centre and Crossrail train station. The property occupies a strong retail position and there are a wide variety of independent retailers, restaurants, and coffee shops within the immediate vicinity.
24 Prospect Street comprises a prominent mid-terrace single-storey retail unit occupied by Zappas Hairdressing Salon.
The property is served by way of a modern glazed frontage with double doors which in turn lead to a substantial open plan salon area which has been fitted to a high standard throughout. A range of cellular sub-dividing areas have been created and to the rear of the building there is an office, staff room, storerooms, and WC’s.
The property also benefits from a rear access onto the Chester Street Public Car Park.
The virtual freehold comprising a 999-year lease from 15/11/2005 is offered for sale for £375,000 with the benefit of a new 5-year lease and rental income as detailed below.
Upon completion, Zappas Hairdressing Salon, shall enter a new 5-year internal repairing and insuring lease at a rent of £30,000 pax.
Approximate floor areas measured on a NIA basis:
| Name | sq ft | sq m |
|---|---|---|
| Ground - Retail area overall | 1,350 | 125.42 |
| Ground - ITZA Retail Space | 722 | 67.08 |
The property is NOT elected for VAT.
To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Please contact the sole agents for further information or an appointment to view.
