30 Queen Victoria Street Reading RG1 1TG

30 Queen Victoria Street
Reading
RG1 1TG

Freehold Bank Investment

  • Let to HSBC Bank Plc until 2026 on a renewed lease (subject to option)
  • Pedestrianised town centre location
  • Crossrail town. Reading to Bond Street in 54 minutes
  • 50 metres from John Lewis and Primark
  • Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander
  • Lot
    46
  • Auction
    18th October 2018
  • Rent
    £78,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Receivers Savills
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment

  • Let to HSBC Bank Plc until 2026 on a renewed lease (subject to option)
  • Pedestrianised town centre location
  • Crossrail town. Reading to Bond Street in 54 minutes
  • 50 metres from John Lewis and Primark
  • Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander
  • Lot 46
  • Auction 18th October 2018
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Receivers Savills

Property Information

Location
Miles
25 miles south of Oxford, 42 miles west of Central London
Roads
A329(M), M4, M25
Rail
Reading Railway and Crossrail Station
Air
London Heathrow Airport
Situation

Reading is a major regional commercial and retailing hub. The town will benefit from having a station on the new Elizabeth/Crossrail line giving a journey time of 54 minutes to Bond Street (crossrail.co.uk). The property is prominently situated on the east side of pedestrianised Queen Victoria Street, near the junction with Broad Street and 50 metres from John Lewis and Primark. Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander.

Tenure

Freehold.

Location
Miles
25 miles south of Oxford, 42 miles west of Central London
Roads
A329(M), M4, M25
Rail
Reading Railway and Crossrail Station
Air
London Heathrow Airport
Situation

Reading is a major regional commercial and retailing hub. The town will benefit from having a station on the new Elizabeth/Crossrail line giving a journey time of 54 minutes to Bond Street (crossrail.co.uk). The property is prominently situated on the east side of pedestrianised Queen Victoria Street, near the junction with Broad Street and 50 metres from John Lewis and Primark. Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander.

Tenure

Freehold.

Description

The property is an attractive period retail building comprising ground floor banking hall accommodation with ancillary accommodation on the three upper floors and in the basement. The property forms part of the larger HSBC bank building that fronts Broad Street.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property is an attractive period retail building comprising ground floor banking hall accommodation with ancillary accommodation on the three upper floors and in the basement. The property forms part of the larger HSBC bank building that fronts Broad Street.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground
Basement
First
Second
Third
Banking Hall
Ancillary
Ancillary
Ancillary
Ancillary
73.90 sq m
55.75 sq m
57.60 sq m
63.20 sq m
47.85 sq m

(795 sq ft)
(600 sq ft)
(620 sq ft)
(680 sq ft)
(515 sq ft)

HSBC BANK PLC
(1)
For a term from
25/03/2017 on a full
repairing and
insuring lease (2)
£78,000 25/03/2022
(18/10/2026)
Total
298.30 sq m
(3,210 sq ft)     £78,000  

(1) For the year ending 31st December 2017, HSBC Bank Plc reported pre-tax profits of £2,370,000,000 and a total net worth of £38,113,000,000 (Source: Experian Group 19/9/2018).
(2) The lease provides for a tenant option to determine on 18/10/2021 subject to six months’ notice.

Property Documents

  • Site Plan
    Updated Date
    13.06.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.06.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
THP Solicitors 9 Chalfont Court, Lower Earley
Reading
Berkshire
RG6 5SY
Karen Brown 0118 975 6622karen@thpsolicitors.co.uk  Frances Watts 0118 920 9499frances@thpsolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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