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230 Shinfield Rd 823 SF 100% Leased Retail Building Reading RG2 8EX $755,240 CAD ($917.67 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Mixed-use freehold investment opportunity
- Ground-floor commercial accommodation with residential units above
- Prominent position on Shinfield Road
Executive Summary
Mixed-use freehold investment comprising two ground-floor commercial units and two studio flats in an established Reading location. The property is understood to generate approximately £27,000 per annum from existing commercial and residential occupiers, with potential to increase to approximately £36,000 per annum through the re-letting of the vacant studio flat, subject to market conditions. Offered at a guide price of offers in the region of £400,000 freehold, the asset provides diversified income from both commercial and residential accommodation.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
823 SF
Building Class
C
Year Built
1940
Price
$755,240 CAD
Price Per SF
$917.67 CAD
Cap Rate
6.75%
NOI
$50,979 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.06 AC
Frontage
27’ on Shinfield Road
Amenities
- Automatic Blinds
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Nearby Major Retailers
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230 Shinfield Rd
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