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    Withdrawn Prior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
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of a Major Fund
Important Update
  • Expand
  • Photos
  • Map

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

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
  • Status Withdrawn Prior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

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.

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).

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    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

Associate AuctioneersPatrick Over 020 7659 4832 patrick.over@greenpartners.co.uk
Seller's Solicitors
Pinsent Masons LLP 30 Crown Place, Earl Street
London
EC2A 4ES
Chris Barkley 0207 667 0217chris.barkley@pinsentmasons.com

Useful Links

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

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