Reading Commercial Auction - 3Rd November 2020
LOT 57 - Reading Commercial Auction - 3rd November 2020 Modern Virtual Freehold Neighbourhood Parade Units 1-8 (Block H), Whale Avenue, Kennet Island, Reading, Berkshire, RG2 0GX LOT 57 - Reading Modern Virtual Freehold Neighbourhood Parade Units 1-8 (Block H), Whale Avenue, Kennet Island, Reading, Berkshire, RG2 0GX GUIDE PRICE * £550,000+ Gross Initial Yield 8.5% Commercial - 3rd November 2020 Online Auction - Bidding will open at 11am for all lots Key Features Location • Comprising a total of 5 commercial units Reading is a large historic town situated in Berkshire on the River Thames. Located 70 • Total accommodation 784.7 sqm (8,446 sq ft) miles east of Bristol, 25 miles south of Oxford, 40 miles west of London. • Includes a Childrens Nursery, Cafe, Estate Management Office & two vacant units The town benefits from good road communications being on the A33, at its junction with the M4 Motorway (Junction 11). • Situated at the heart of a large Berkeley Group neighbourhood development Reading Rail Station provides frequent services to London Paddington (fastest journey • Located close to Reading Town Centre & 1.5 miles from the M4 Motorway time 23 minutes). • VATis applicable The property is situated at the heart of Berkeley Group's Kennet Island, a large recently constructed urban village of over 1,350 new homes and apartments, set in landscaped Total Current Gross Rent Reserved grounds and surrounded by open spaces and an ecological area. £46,750 p.a. Kennet Island is located just 3 miles from Reading town centre and is 8 minutes by bus Plus Vacant units totaling 259.1 sq m (2,789 sqft) to Reading train station.
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