< Back

75A & 75B Loverock Road, Reading RG30 1DZ

Industrial Investment Opportunity

Sold

Type: industrial

Floor Area (FT2): 17,532

Tenure: Freehold

Floor Area (M2): 1,629

Price: Offers in excess of £2m

Contact

Ken Morgan – agent
  • Ken Morgan
Phone Number:
020 7079 1953
email
Sam Hume-Kendall
  • Sam Hume-Kendall
Phone Number:
020 3846 3105
email
Tom Cole
  • Tom Cole
Phone Number:
020 7079 1947
email

• Modern reversionary industrial investment located in Reading, the commercial capital of the Thames Valley.

• Situated in the popular and established Portman Road industrial area, less than one mile west of the town centre.

• Ongoing infrastructure projects will benefit the accessibility of the immediate area and the town as a whole.

• Well let to Parsons Peebles with an unbroken eight years remaining on the leases.

• Total rental income of £139,840 pa, reflecting a low average passing rent of just £7.98 psf offering good prospects for rental growth with Reading averaging 7% pa growth in the year to June 2018.

• We are instructed to seek offers in excess of £2,000,000 (Two Million Pounds), subject to contract and exclusive of VAT, for our client’s freehold interest. A purchase at this level reflects a net initial yield of 6.58% and an estimated reversionary yield of 7.42% after purchaser’s costs of 6.28%.

Please download the PDF for further information.