Industrial for sale in The Markham Centre, Station Road, Theale, Reading RG7

Key Points

Description

Unit 17 Markham Centre comprises a modern end of terrace warehouse/trade counter unit situated at the front of the estate. The property benefits from a new electric roller shutter loading door, 3 phase power, two WCs, kitchenette, first floor ancillary office and 6 parking spaces. There is an extensive tenant installed mezzanine of approx. 922 sq.ft.

Location

The Markham Centre is a well-established industrial development of 20 units located directly opposite Theale Train Station. The property is within easy walking distance of local village amenity including pubs, restaurants, shops and a Post Office. The site benefits from superb road communications and is only 1⁄2 mile from M4 Junction 12. Theale Station offers direct rail services to Reading and London Paddington via the Elizabeth Line.

Viewings

Strictly by appointment via the sole agents.

Terms

The property is offered for sale on a freehold basis and unconditional offers are invited in excess of £450,000 reflecting an equivalent yield of 6%. The property is held under title number: BK275785. The current tenants business is unaffected. There is an estate charge which covers management of the common parts and access road. Details can be provided upon request.

Tenancy Information

The unit is let on full repairing terms for a term of 10 years from March 2022 and is sold with the benefit of existing leasehold income, details of the current rent passing are available upon request. The tenant is Alliance Automotive UK CV limited (Company number: 02207440), rated 'very low risk' by creditsafe. There is a tenant only break clause in March 2027 and an open market rent review in March 2027. Prospective purchasers are encouraged to undertake their own due diligence. A copy of the lease will be provided with the legal pack.