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250 Shinfield Rd 2,327 SF Retail Building Reading RG2 8EY $932,247 CAD ($400.62 CAD/SF) 7.03% Cap Rate
Investment Highlights
- Prominent Shinfield Road frontage
- Close to the University of Reading
- Established South Reading location
Executive Summary
Freehold commercial investment opportunity comprising a restaurant and takeaway premises with extraction together with ancillary self-contained residential accommodation above. The property is occupied by Royal Paradise Hyderabadi Cuisine and is understood to be let on a Full Repairing and Insuring lease producing £34,800 per annum. Positioned on Shinfield Road in South Reading, the asset benefits from exposure to a well-established mixed-use corridor serving surrounding residential neighbourhoods, local businesses, and the University of Reading. Offered freehold at a guide price of £495,000, the property presents an income-producing investment with an established occupier in place and convenient access to Reading town centre, Royal Berkshire Hospital, and the wider regional road network.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
2,327 SF
Building Class
B
Year Built
1920
Price
$932,247 CAD
Price Per SF
$400.62 CAD
Cap Rate
7.03%
NOI
$65,540 CAD
Tenancy
Single
Building Height
1 Story
Frontage
32’ on Shinfield Rd
Amenities
- Security System
- Storage Space
1 1
Nearby Major Retailers
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250 Shinfield Rd
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