Investment.

Reading.

35 Broad Street & 29-31 Queen Victoria Street

Map View

Status.

Sold on 23/08/2024

Price.

£2,600,000 (Subject to Contract and Exclusive VAT)

Location.

Reading is a town located in the South East of England about 64km (40 miles) west of London.  It is situated in the county of Berkshire and sits on the River Thames.

Description.

The subject property is 100% prime,  Grade II Listed building, arranged overground and three upper floors, fronting Broad Street and Queen Victoria Street. 

The building is let to three retail tenants. Itsu occupy 35 Broad Street, a 100% prime, well configured retail unit fronting Broad Street, benefitting from a return frontage onto Queen Victoria Street.

Part of the first floor, and the second and third floors, are also demised to Itsu, albeit the second and third floors are not rentalised. 

29 & 31 Queen Victoria Street are let to Kokoro and Zambrero respectively and are arranged over ground floor.

Rent.

£235,000.00 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 8.5%.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

Jonny Gooch.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson