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Status Withdrawn Prior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).