Chalfont Square Retail Park, Reading

Prime Foodstore Anchored Convenience Retail Park Investment

• A foodstore anchored retail park with an exceptional line up of national brands: Marks & Spencer Foodhall, McDonald’s Drive Thru, Iceland, Costa, KFC and Domino’s
• Reading is a large and affluent town in the south-east of England with a catchment population of 391,000
• Little competition in the 15 minute drive time catchment
• Let off low rents with a total net operating income of £550,973 pa and an ERV of £594,360 pa
• Attractive WAULT of 9.7 years to expiry and 8.1 years to break
• Total site area of c 4 acres with strong alternative use value
• Virtual freehold with ability to purchase the freehold interest for £1,000 in March 2025
• Offers in excess of £9,390,000 subject to contract and exclusive of VAT which shows a yield profile of 5.50% net initial yield, 5.85% equivalent yield and 5.92% reversionary yield.