70-72 Broad St 3,566 SF 100% Leased Retail Building Reading RG1 2AF $1,489,101 CAD ($417.58 CAD/SF) 11.61% Cap Rate
INVESTMENT HIGHLIGHTS
- Long let, high yielding, South East investment
- The subject property comprises two well configured retail units fronting the western end of Broad Street in close proximity to KFC, Caffe Nero
- location and providing an attractive WAULT of 9.26 years to expiry and 4.09 years to break
- 70 Broad Street is comprised of a small ground floor retail unit with significant basement ancillary area.
- Located in a strong position on Broad Street, Reading’s prime retailing location
EXECUTIVE SUMMARY
99 Year Long Leasehold expiring 23rd June 2057 with a ground rent of £3,250 and held freehold by The Trustees Alexander Moss and Samuel Gerald Moss Children’s’ Trusts.
The subject property comprises two well configured retail units fronting the western end of Broad Street in close proximity to KFC, Caffe Nero and Sports Direct
The subject property comprises two well configured retail units fronting the western end of Broad Street in close proximity to KFC, Caffe Nero and Sports Direct
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
3,566 SF
Building Class
B
Year Built
1971
Price
$1,489,101 CAD
Price Per SF
$417.58 CAD
Cap Rate
11.61%
NOI
$172,885 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.48
Lot Size
0.17 AC
Parking
2 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
35’ on Broad St
AMENITIES
- 24 Hour Access
1 of 1
NEARBY MAJOR RETAILERS
CONTACTS
-
Ben
Simpson
-
Jonny
Gooch
-
Will
Elphinstone
-
Freddie
Dade
