Investment.

Reading.

50-60 Broad Street, RG1 2AA

Map View

Status.

Available

Price.

£22,500,000 (Subject to Contract and Exclusive VAT)

Service Charge.

The current service charge budget is £111,595.83.

Location.

Reading is firmly established as the dominant regional retail and commercial destination in the south east.  The largest town in Berkshire and the Thames Valley, it sits approximately 41 miles west of Central London, 25 miles south of Oxford and 18 miles north of Basingstoke.

Description.

The building range from two to three storeys in height, with retail and leisure at ground floor and ancillary back-of-house and office accommodation on the upper floors.

The upper parts represent the principal development opportunity.  In total, the property includes seven units fronting Broad Street, three units fronting Friar Street (directly facing the Station Hill development, where the Elizabeth Line station is visible) and three smaller units on Union Street, a secondary pedestrianised street linking Broad Street with Friar Street.

The property comprises a large, unbroken freehold site of approximately 1.63 acres (0.66 HA).

Rent.

1,752,980.53 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 7.84%.

Share.

All viewings are strictly by prior appointment.

Ben Simpson.

Partner | Investment

Jonny Gooch.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson