Reading – Forecourt & Convenience Store Investment
Co-Op, Charvil Service Station, New Bath Road (A4), Charvil, Reading, RG10 9RL
Offers in excess of £2,400,000
- Property Type:
- Sub Types:
- Retail, Alternative
- Net Initial Yield:
£145,848 per annum
Highly visible petrol filling station located on the busy A4 linking Reading to London.
Let to Somerfield Stores Ltd guaranteed by the excellent covenant of Co-Operative Group Ltd for a further 7.25 years.
Current rent passing £145,848 per annum subject to fixed increases of 2% per annum.
Estimated fuel volume 3.9m litres per annum.
Prominent Site on the busy A4 with an area of 0.5 acres (0.2 ha).
Long Term Redevelopment Potential (STP).
Offers sought in excess of £2,400,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.75% assuming purchasers costs at 6.36%.