53 Loverock Road

Reading, RG30 1DZ

2,966 sq ft
For Sale
Industrial / Warehouse / Investment

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Freehold income producing industrial / warehouse investment opportunity available to purchase in Reading

Property Type Industrial / Warehouse / Investment
Tenure For Sale
Size 2,966 sq ft
Price £495,000
Business Rates £4.21 per sq ft
Energy Performance Rating This property has been graded as E (119)

Key Features

  • Freehold investment opportunity
  • Let to Motorrific Limited on a 7-year lease from 29th September 2024 producing a headline rental income of £38,000 per annum exclusive
  • Popular industrial estate
  • Excellent car parking

Location

The premises are located between Loverock Road and Portman Road on the well-established and popular Battle Farm Trading Estate . J's 11 and 12 of the M4 are each within 5-miles providing access to London, Heathrow Airport and the national motorway network.

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Description

An end terrace unit of steel frame construction under a metal roof incorporating translucent roof panels and with approximately 20 parking spaces.

Specification

- Open plan warehouse
- 3-phase power
- 4.5mW x 4.4mH concertina loading door
- 4.2m min eaves height
- 5.2m max eaves height
- Concrete floor
- Excellent parking with up to 20 spaces
- Kitchenette and WCs

Lease Summary

- Let to Motorrific Limited
- 7-year lease from 29th September 2024
- Mutual option to break at the end of the 5th year
- Photographic schedule of condition
- Headline rent of £38,000 per annum exclusive
- Rent free period stepped over first 4-years as follows: (Yr1 £30,000 pax, Yr2 £32,000 pax, Yr3 £34,000 pax and Yr4 £37,000 pax.
- Upward only rent review at end of 5th year.
- Outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.

A copy of the lease is available on request.

Terms

Freehold offered for sale with the benefit of the lease and rental income.

Anti-Money Laundering Regulations

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.

Viewing & Further Information

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

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