67 London St
485 SF Retail Building Reading RG1 4QA $409,874 CAD ($845.10 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prime Town Centre Location Situated on a prominent stretch of London Street, close to Reading town centre
- Good road connections
- Planning Approval for External Extraction
- Partially Fitted Café Premises (Use Class E)
EXECUTIVE SUMMARY
This ground-floor partially fitted café premises offers an ideal opportunity for a food and beverage operator. The property has undergone various renovation works and planning permission at the vendors expense, with further scope for an incoming tenant or owner to tailor the space to their requirements.
For Sale: Long Leasehold (999 years) - £220,000
To Let: £1,500 per month, plus an ingoing premium of £15,000 for café equipment, fixtures, and fittings.
The property has undergone recent renovation works to prepare it for café use, providing a strong foundation for an incoming operator to finalise the fit-out to their specific requirements.
The planning approval for an external extraction system allows for a wider range of hot food operations, subject to installation.
Flexible purchase or lease options available, offering a great opportunity.
999 Year Long Lease – From 27th September 2001 – 975 years remaining.
No takeaway permission, but suitable for a sit-in café or restaurant-style business operating under E-Class use.
For Sale: Long Leasehold (999 years) - £220,000
To Let: £1,500 per month, plus an ingoing premium of £15,000 for café equipment, fixtures, and fittings.
The property has undergone recent renovation works to prepare it for café use, providing a strong foundation for an incoming operator to finalise the fit-out to their specific requirements.
The planning approval for an external extraction system allows for a wider range of hot food operations, subject to installation.
Flexible purchase or lease options available, offering a great opportunity.
999 Year Long Lease – From 27th September 2001 – 975 years remaining.
No takeaway permission, but suitable for a sit-in café or restaurant-style business operating under E-Class use.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
485 SF
Building Class
B
Year Built
1787
Price
$409,874 CAD
Price Per SF
$845.10 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.56
Lot Size
0.02 AC
Frontage
AMENITIES
- Bus Line
- Security System
- Signage
- Storage Space
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