Verified listing
Share:

Prime South East Retail Park

Reading, United Kingdom

80%

£27.185.000

Retail

#34142

Core+

28 Oct 2024

Property Details

Broker

Sold

117,016 sq.ft.

10,871 m²

Leasable area

232.32 £/sq.ft.

2,500 £/m²

6.00 %

8

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

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.