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14-16 Chain St 1,145 SF 4-Star Retail Building Reading RG1 2HX $697,504 CAD ($609.17 CAD/SF) 9.74% Cap Rate
Investment Highlights
- 14-16a Chain Street is occupied by Sharps Bedrooms Limited (Reg. no. 07685430) under a lease dated 25th September 2012 for a term of 10 years
- Situated in a pedestrianised retail walkthrough providing a direct access route from Broad Street (Reading’s prime pitch) to the Oracle Shopping Cent
- The unit is well located in Reading town centre, immediately opposite the John Lewis’ Chain Street entrance
Executive Summary
Offers are invited in excess of £376,000 after allowing for purchasers costs of 3.71% this provides for a net initial yield of 9.74%
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,145 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1992/1998
Price
$697,504 CAD
Price Per SF
$609.17 CAD
Cap Rate
9.74%
NOI
$67,937 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.02 AC
Frontage
28’ on Chain St
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 2
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Photos
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14-16 Chain St
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