Investment.

Reading.

149-150 Friar Street & 2-4 Queen Victoria Street

Map View

Status.

Exchanged

Price.

£1,650,000 (Subject to Contract and Exclusive VAT)

Location.

READING IS WELL CONNECTED TO OTHER MAJOR CITIES WITH EXCELLENT ROAD AND RAIL LINKS, INCLUDING THE M4 MOTORWAY AND A DIRECT TRAIN LINE TO LONDON, MAKING IT A KEY HUB IN THE THAMES VALLEY REGION.

Reading is located in the south east of England, in the county of Berkshire. It lies approximately 40 miles (64 km) west of London and is situated at the confluence of the River Thames and River Kennet

Description.

THE PROPERTY COMPRISES AN ATTRACTIVE GRADE II LISTED BUILDING WITH DUAL FRONTAGE ONTO BOTH THE PEDESTRIANISED QUEEN VICTORIA STREET AND FRIAR STREET, FORMING PART OF A BUSY RETAILING PITCH.

Friar Street runs parallel to Broad Street, with Queen Victoria Street linking the two thoroughfares. Situated between Reading Station and the town centre, the property benefits from high pedestrian footfall. Surrounding occupiers include: Black Sheep Coffee, Greggs, Rush Hair, Dr Martens, Itsu and Wendy’s.

The accommodation is arranged as four well configured ground floor units with ancillary basement space in 3 of the shops.

Rent.

145,500 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 8.31%.

Share.

All viewings are strictly by prior appointment.

Ben Simpson.

Partner | Investment

Will Civil.

Surveyor | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

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DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson