Office for sale in Suite 1, City Gate, Southampton Street, Reading RG1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Key Points
Description
The premises comprise of a ground floor office suite within a mixed use building that can be accessed via a private entrance with an attractive arched canopy.
Suite 1 has the benefit of full height demountable glazed partitioning creating a number of private offices and meeting rooms.
Location
The premises are prominently located on Southampton Street which forms one of the main routes into Reading town centre, and are situated within walking distance of the Oracle shopping and leisure complex. Also close by is Reading mainline railway station which provides regular high speed services to London Paddington and the regions.
Viewings
Please contact the sole agent for further information or an appointment to view.
Terms
The long-leasehold interest is available for sale.
Availability_Text
The accommodation comprises of the following
Tenure
The property is held on a long-leasehold basis for a term of 999 years from 28th October 1979.
Lease Summary
The property is sub-let to Change Grow Live (Reg no. 03861209, D&B rating 5A1) on a lease dated 28th June 2023.
- Term: 10 years, commencing on 28th June 2023 and ending on 27th June 2033.
- Mutual Break Clause: Dated 31st March 2026 and 31st March 2028 (subject to 6 months notice).
- Tenant Funding Break: Rolling, subject to 6 months notice and the tenant’s government funding being withdrawn.
- Rent: £33,825 per annum exclusive
- Rent review: 3 yearly, upwards only to open market rent.
- Outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
- Internal repairing terms limited by a schedule of condition.
A copy of the lease is available on request.
Anti-Money Laundering Regulations
To comply with Anti Money Laundering regulations, Haslams Surveyors LLP undertake id checks for all successful purchasers and tenants where legislation requires us to do so.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Haslams Commercial, RG1 on +44 118 443 9441 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Haslams Commercial, and do not constitute property particulars. Please contact Haslams Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.