154 Friar Street, ReadingPosted on June 30, 2016
In June 2016 Clay Street acquired the prime retail investment 154 Friar Street, Reading on behalf of a private investor.
The property occupies a prominent location near to Reading train station and has well secured leases until 2020. The building is currently let to Cancer Research at ground floor and Manpower UK on the upper office floors. The total area equates to 4,105 sq ft.
The investment provides £61,250 per annum of income and was secured for £900,000. This reflects a NIY of 6.44%.