27-29 Cross Street, Reading

Investment - Sold

27-29 Cross Street, Reading

Price

£750,000

Rent

£66,730

Description

The property is situated on Reading's busy thoroughfare of Cross Street in close proximity to the towns prime retailing pitch on Broad Street. The property is a brick and stone construction arranged of ground, basement and three upper floors. The property is let to Watch Shop Ltd on full repairing and insuring terms by way of assignment from Fat Face until 4th May 2018. The current passing rent stands at £66,250 with the 6 flats on the upper floors paying £80 each as a ground rent.

Net Initial Yield

8.4%

Contact Us

Contact one of the team at KLM Retail

Call us on +44 (0)20 7317 3700