M&S Simply Food | 406-412 London Rd
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M&S Simply Food 406-412 London Rd
15,066 SF 4-Star Retail Building Reading RG6 1BJ $10,964,357 ($728/SF) 6.24% Cap Rate
Investment Highlights
- Reading is the commercial capital of the Thames Valley and is situated approximately 37 miles west of Central London.
- Large affluent catchment with a 15-minute drive time population of 276,589 people and 37.6% of the population being in social grade AB.
- Purpose-built modern standalone foodstore extending to a GIA of 15,066 sq ft (1,399.7 sq m) and 92 car parking spaces.
- Excellent transport links with Reading station being the 2nd busiest in the UK outside of London providing direct services to Central London
- Site area of 1.42 acres (0.57 hectares) providing a low site coverage of 24.25%.
- Let on a FRI lease to Marks & Spencer Simply Foods Limited until 1st October 2033 providing 9.00 years unexpired.
Executive Summary
An opportunity to acquire the freehold interest in a prominent M&S store located on the busy London Road in Reading. This high-profile property offers a secure and well-established investment in a prime retail location.
Offers are invited in excess of £8,650,000, subject to contract and exclusive of VAT. A purchase at this level reflects a strong Net Initial Yield of 6.24%, with the potential to increase to 7.06% in October 2028, providing a valuable long-term income stream.
With purchaser’s costs accounted for at 6.68%, this opportunity represents a compelling investment with significant reversionary potential.
Offers are invited in excess of £8,650,000, subject to contract and exclusive of VAT. A purchase at this level reflects a strong Net Initial Yield of 6.24%, with the potential to increase to 7.06% in October 2028, providing a valuable long-term income stream.
With purchaser’s costs accounted for at 6.68%, this opportunity represents a compelling investment with significant reversionary potential.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Supermarket
Building Size
15,066 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2014
Price
$10,964,357
Price Per SF
$728
Cap Rate
6.24%
NOI
$684,176
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
1.40 AC
Parking
68 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
182 FT on London Rd
Amenities
- Commuter Rail
- Dedicated Turn Lane
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M&S Simply Food | 406-412 London Rd
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