Opportunity to acquire a portfolio of three retail units let to Optimax Clinics Limited. Co-terminus 15 year leases commencing 25 June 2024 and expiring 24 June 2039. The leases are subject to Tenant only break options on 24th June 2029 and 24th June 2034 (subject to six months' prior written notice) and have three-yearly upward only CPI linked rent reviews. The Leeds and Reading tenancies benefit from the security of tenure provisions of the Landlord & Tenant Act 1954. The Maidstone tenancy does not benefit from security of tenure.
108A Friar Street, Reading, Berkshire, RG1 1EP
- Ref: 2128255
- Tenure: Freehold
- Types: Retail Investment (High Street), Retail
- Size: 9,380 sq ft
- Freehold: £2,000,000
Key Features
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Portfolio of three retail units let to Optimax Clinics
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Co-terminus 15 year leases expiring 24 June 2039
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WAULT To Expiry: 12.8 years
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Total Current Passing Rent: £179,050 per annum
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Location
108A Friar Street, Reading, Berkshire, RG1 1EP
Additional Info
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