Dukesbridge Chambers, Duke Street, Reading City Centre RG1

,  •  Retail, Hotel  •  £2,500,000



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About this listing
• A prominent office investment centrally located in the heart of Reading Town Centre. • Within a 5 minute walk from Reading Railway Station – a future Crossrail Station which offers direct trains into Central London in 25 minutes and under. • Dukesbridge Chambers is a self-contained office building arranged over ground and four upper floors. • The building measures 13,162 sq ft (GIA) and 9,430 sq ft (NIA). • Two floors currently let and producing £89,315 per annum. • Two floors vacant with anticipated ERV £103,940 per annum. • Freehold. • Ground floor commercial unit available for purchase on request. • Numerous asset management angles including conversion to residential under Permitted Development Rights. • An indicative scheme has been proposed to convert the building into 25 flats. • We understand the property is not elected for VAT.


Address
,
Sector
GLA
Occupancy
Major Tenants
WAULT
NIY (on NOI)
3.36%
Asking Price
£2,500,000