Investment Properties: 9 & 10 Southern Court, South Street, Reading RG1 4QS

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9 & 10 Southern Court, South Street, Reading RG1 4QS

OIEO £4,500,000 subject to contract - Freehold

  • Centrally located in Reading close to the Town Centre and only 0.6 miles from Reading Train Station.
  • 9 southern court is a former office building recently converted to 16 self contained studios (10 x mezzanine and 6 x studios).
  • 10 Southern Court is under refurbishment to provide 16 self contained studios (11 x mezzanine and 5 x studios) with expected Practical Completion due in February 2020.
  • 9 Southern Court is fully let and income producing £191,640 pa.
  • 10 Southern Court has an anticipated ERV of £191,100 pa.
  • Floor Areas:
    – 9 Southern Court – 4,011 sq ft NIA
    – 10 Southern Court – 3,861 sq ft NIA
  • Freehold.
  • We are instructed to seek offers in excess of £4,500,000 (Four Million, Five Hundred Thousand Pounds) subject to contract.