63-77 Milford Rd 3,205 SF Industrial Unit Offered at £525,000 in Reading RG1 8LG
INVESTMENT HIGHLIGHTS
- The property comprises an end of terrace three storey office building of traditional brick construction
- The premises are situated on Milford Road which is accessed from Richfield Avenue via Tessa Road and Cremyll Road located approximately half-amile
- The accommodation provides largely open plan office accommodation with a store / warehouse area to the rear of the ground floor with 3.5m eaves
EXECUTIVE SUMMARY
Description The property comprises an end of terrace three storey office building of traditional brick construction. The accommodation provides largely open plan office accommodation with a store / warehouse area to the rear of the ground floor with 3.5m eaves and electric roller shutter door. Each of the floors are self-contained with their own boiler and utility supplies and are accessed via a communal ground floor entrance with entry phone system. Externally the property benefits from 8 allocated car parking spaces within a large concrete surfaced car park to the side which can be accessed directly from Milford & Cremyll Road
PROPERTY FACTS Sale Pending
| Price | £525,000 |
| Unit Size | 3,205 SF |
| No. Units | 1 |
| Total Building Size | 26,132 SF |
| Property Type | Flex (Unit) |
| Property Subtype | Light Manufacturing |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 15,044 SF |
| Year Built | 1986 |
| Lot Size | 0.37 AC |
| Parking Ratio | 1.5/1,000 SF |
AMENITIES
- Security System
- Accent Lighting
- Roller Shutters
- Storage Space
- Air Conditioning
UTILITIES
- Lighting
1 UNIT AVAILABLE
Unit 63
| Unit Size | 3,205 SF |
| Price | £525,000 |
| Price Per SF | £163.81 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
DESCRIPTION
The property is occupied by the current owner (First & Second floors) with a separate ground floor tenant; R & R Thompson Services Ltd. The ground floor generates a total rental income of £13,500 pa exclusive of all other costs
SALE NOTES
Terms
The Freehold interest is available for sale at a price of £525,000. The intention is to sell the property as a Transfer of Going Concern (TOGC).
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