37 Broad Street Reading RG1 2AA

37 Broad Street
Reading
RG1 2AA

Prime Freehold High Street Retail Investment

Let to TCCT Retail Limited t/a Thomas Cook
New 10 year lease from February 2019 (1)
Prime location on busy pedestrianised Broad Street
Important and affluent regional centre
Nearby occupiers include John Lewis, Primark, Marks & Spencer, Sainsbury's, WHSmith, Boots the Chemist, GAP and Thorntons

Lot
15
Auction
11th July 2019
Rent
£90,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On Behalf of a Major Fund

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Prime Freehold High Street Retail Investment

Let to TCCT Retail Limited t/a Thomas Cook
New 10 year lease from February 2019 (1)
Prime location on busy pedestrianised Broad Street
Important and affluent regional centre
Nearby occupiers include John Lewis, Primark, Marks & Spencer, Sainsbury's, WHSmith, Boots the Chemist, GAP and Thorntons

Lot 15
Auction 11th July 2019
Rent £90,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On Behalf of a Major Fund

Property Information

Location

Miles: 8 miles south-west of Henley-on-Thames; 25 miles south-east of Oxford; 40 miles west of Central London
Roads: A33, A329(M), A404(M), M4
Rail: Reading
Air: London Heathrow

Situation

Reading is a popular regional retailing destination and major commercial and administrative centre for the Thames Valley region. The town benefits from excellent transport links by road, being easily accessed via Junctions 10, 11 and 12 of the M4 motorway, by rail and by air, being some 29 miles west of Heathrow Airport. The property is situated on the northern side of Broad Street, in a prime retailing location with nearby occupiers including John Lewis, Primark, Marks & Spencer, Sainsbury's, WHSmith, Boots the Chemist, GAP and Thorntons.

Tenure

Freehold.

Location

Miles: 8 miles south-west of Henley-on-Thames; 25 miles south-east of Oxford; 40 miles west of Central London
Roads: A33, A329(M), A404(M), M4
Rail: Reading
Air: London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a four storey building arranged as a ground floor shop with ancillary accommodation on the first floor. The second and third floors are unused by the tenant.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk

Description

The property comprises a four storey building arranged as a ground floor shop with ancillary accommodation on the first floor. The second and third floors are unused by the tenant.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second Third	Retail Ancillary Ancillary Ancillary	60.20 sq m 39.10 sq m 43.30 sq m 31.40 sq m	(648 sq ft) (421 sq ft) (466 sq ft) (338 sq ft)	TCCT RETAIL LIMITED (2) t/a Thomas Cook	10 years from 18/02/2019 until 17/02/2029 (1) on a full repairing and insuring lease	£90,000	18/02/2024
Total		174.00 sq m	(1,873 sq ft)			£90,000

(1) The lease is subject to a tenant option to determine on 17th February 2024 subject to 6 months' prior written notice and a break penalty of £22,500 payable to the landlord.
(2) Thomas Cook became an international travel company in 1841 and is now the world's best known travel company and has over
450 stores across the UK (Source: www.thomascook.com 14/06/2019).