75a/75b Loverock Road, ReadingPosted on February 5, 2019
In December 2018 Clay Street completed the acquisition of this prime, double industrial investment in Reading on behalf of a private investor.
- Modern reversionary industrial investment located in Reading.
- Situated in the popular and established Portman Road industrial area, less than one mile west of the town centre.
- Two well let units to Parsons Peebles, with an unbroken eight years remaining to lease expiries.
- Total rental income of £139,840 pa, reflecting a low average passing rent of just £7.98 psf.
The property was purchased for £2,450,000 reflecting a Net Initial Yield of 5.37%.