5,806 sq ft
For Sale
Industrial / Warehouse / Investment
| Property Type | Industrial / Warehouse / Investment |
| Tenure | For Sale |
| Size | 5,806 sq ft |
| Price | £750,000 Guide Price |
| Energy Performance Rating | This property has been graded as C (61) |
The property is situated within an established industrial area within Tilehurst, 2.2 miles west of Reading town centre. Vehicular access is good with roads suitable for HGV access. Junction 11 and Junction 12 of the M4 are 4.6 miles south east and 3.2 miles south west respectively.
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The property comprises a site containing a semi-detached light industrial / warehouse unit with offices, a trade counter, WCs and self-contained yards to the side and rear. The property also comprises a communications site providing a telephone mast.
- 5 metre minimum eaves height (apex: 6.25m)
- 3 phase electricity
- 2x Electric level access loading doors
- Trade Counter
- Offices and 2x WCs
- HGV access
We understand the Gross Internal Area (GIA) of the warehouse is as follows:
| Name | sq ft | sq m |
|---|---|---|
| Ground - Warehouse & Trade Counter | 5,070 | 471.02 |
| Ground - Offices | 736 | 68.38 |
| Total | 5,806 | 539.40 |
The warehouse is let to SIG Trading Ltd (Reg company no. 01451007) on a lease dated 20th December 2023.
- Term: 10 years, commencing on 8th December 2023 and ending on 7th December 2033.
- Tenant only break clause dates 8th December 2028 (subject to 6 months notice).
- Passing Rent: £56,560 per annum exclusive
- U/O Rent Review to OMR on 5th anniversary
- Inside the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
- Full repairing and insuring terms.
The communications site (telephone mast) is operated by EE Ltd (Reg company no. 02382161) and Hutchinson 3G UK Ltd (Reg company no. 03885486) via a 10 year code agreement.
- Currently producing £3,000 per annum exclusive
- 5 yearly RPI linked rent review.
Copies of the lease and code agreement are available on request.
Offers are invited in the region of £750,000 (Seven Hundred and Fifty Thousand Pounds) for the freehold interest, subject to contract. A purchase at this price reflects a Net Initial Yield of 7.53% (assuming purchasers costs of 5.5%).
Warehouse: £59,000
Communications site: £14,750
Each party to bear their own costs. Prices are quoted excl. of VAT which will not be charged.
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.
