Reading- 84 Broad Street

Location:

Reading is a popular regional retailing destination and a major commercial and administrative centre for the Thames Valley Region. The town is strategically located 41 miles (66km) west of Central London, 25 miles (41km) south east of Oxford and 80 miles (130km) east of Bristol. The town benefits from excellent transport links.

By road, the town is easily accessed via Junctions 10, 11 & 12 of the M4 Motorway which connects London to South Wales and gives Reading easy access to the M25 and wider Motorway networks. By Air, Heathrow Airport is some 29 miles (47km) to the east.

Reading Railway Station is a 5 minute (0.2 mile) walk from the property and provides services into London Paddington in less than 30 minutes. With the extension of Crossrail to Reading in 2019, passengers will be able to travel into, and beyond Central London without the need to change at Paddington, providing direct links to the City and West End.

  • Situation

    The property is located in a strong retailing pitch towards the western end of the pedestrianised Broad Street directly opposite Chlas Olson. Other occupiers in the immediate vicinity include Pret a Manger, Halifax, Next, Shoe Zone and EE.

  • Description

    The building comprises a 3-storey mid-terraced building, arranged over ground (retail) and two upper floors utilised as ancillary space. The property is serviced via Broad Street. There is a small enclosed yard area to the rear. The unit also benefits from a basement, accessed via a trap door within the retail sales area, but is not rentalised.

  • Tenure

    Freehold.

  • Tenancy (ies)

    The entire property is let to Footasylum Limited on a 10 year Full Repairing and Insuring Lease from 8th March 2016 expiring 7th March 2026 (8.5 years to expiry). There is a tenant only break option on the 8th March 2021 and a rent review on the same date. The tenant received 12 months rent-free.

  • Current Rent PAX

    155000

  • Price

    £2,650,000 (Subject to Contract and exclusive of VAT )

  • Yield

    5.50%

MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.

All viewings are strictly by prior appointment.
Please contact:

Ed Smith
Patrick Over
Simona Malinova