£27.185.000
Confirmation
Prime South East Retail Park
Reading, United Kingdom
Retail
#34142
Core+
28 Oct 2024
Property Details
Broker
Sold
117,016 sq.ft.
10,871 m²Leasable area
232.32 £/sq.ft.
2,500 £/m²6.00 %
8
Freehold
Fees
Investment Overview
Strong southeast location. Accessible position in Reading approximately mid-way between junction 11 of the M4 and the town centre. The scheme comprises 6 retail warehouse units and 2 in-line restaurants with a total GIFA of 117,016 sq ft. Excellent income security from Home Bargains, Halfords, Pets at Home, B&M, Dreams and The Range (2 small restaurant units under offer). Re-based rents reflecting a low average of only £14.88 psf. Attractive WAULT of c11.9 years. Flexible planning permission. Site area of 8.3 acres (3.36 hectares). Opportunity to add Electric Vehicle Charging Points.
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