Retail premises to let in Queen Victoria Street, Reading RG1

From £45,000 pa (£62.07/sq. ft. pa)
Retail premises to let From 725 - 1,214 sq. ft*
Interested in this property? Call +44 29 2227 9926 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location

Reading is a dominant regional retailing destination and the largest economic and commercial centre in the South East outside of London, located within Berkshire in the Thames Valley. The town is located 41 miles (66 km) west of Central London, 25 miles (40 km) south of Oxford and 18 miles (29 km) north of Basingstoke. Reading benefits from excellent transport links.

The subject retail unit is situated on a major retail thoroughfare in Reading town centre that links the train station with Broad Street and the Oracle Shopping Centre. The premises are located Queen Victoria Street which is a very established retail location which benefits from a high level of passing footfall with multiple national retailers located within very close proximity to the subject retail unit.

Accommodation

The agent has been provided with the following approximate areas – we advise prospective tenants to verify these areas by carrying out their own measurements on site during viewings.

Ground floor sales area 725 sq.ft
Basement ancillary 420 sq.ft
Basement storage 69 sq.ft

Interested parties are advised to check floor areas upon inspection.

Terms

The property is currently held on a full repairing and insuring lease dated 10th March 2014 for a term of 10 years, expiring on 9th March 2024 with a current passing rent of £45,000 pax. There was a fifth-year tenant break option, which was not exercised. The lease is subject to the security of tenure provisions of the Landlord & Tenant Act 1954. The passing rent of £45,000 per annum exclusive of VAT, rates, service charge and insurance, payable quarterly in advance. VAT is payable.

Legal Costs

Each party is to be responsible for their own legal and professional costs incurred in this transaction. The ingoing occupier may be required to contribute towards the Landlords legal / professional costs in relation to the transaction.

Epc

Available upon request

Service Charge

To be confirmed

Rateable Value

£37,750 (April 2017)
ubr: 0.512 (2020/2021)
No rates payable until 1st April 2021 due to Government relief.

Anti Money-Laundering

In accordance with Anti-Money Laundering Regulations, two forms of id and confirmation of the source of funding will be required from the successful applicant.

Viewing and Further Information

Strictly by prior arrangement only with sole agents:
DTR Surveyors /
Ref: March 2021

Property info

  • Document
  • Available immediately
  • Unfurnished

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
DTR Surveyors, CF10 on +44 29 2227 9926 * (local rate)

Contact DTR Surveyors about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by DTR Surveyors, and do not constitute property particulars. Please contact DTR Surveyors 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.

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