88 Broad Street
Reading
Berkshire
RG1 2AP

Freehold Retail Opportunity

  • Pedestrianised town centre location
  • Crossrail town. Reading to Bond Street in 54 minutes
  • 100 metres from John Lewis and Primark
  • Other neighbouring occupiers include Boots the Chemist, Waterstones, Sports direct, Pret a Manger, Barclays and Santander
  • Lot
    18
  • Auction
    05/May/2021
  • Vacant Possession
  • Status
    Sold
  • Price*
    £506,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On behalf of a Major Fund
Important Update
  • 88 Broad Street<br>Reading<br>Berkshire<br>RG1 2AP
  • Expand
  • Photos
  • Map

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

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 Railway Station
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 south side of the busy pedestrianised Broad Street, in a popular retailing location with nearby occupiers including John Lewis, Primark, Marks & Spencer, Boots the Chemist, Sports direct, Pret a Manger, Barclays and Santander.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with first and second floor ancillary accommodation. The property has historically been used in conjunction with the adjoining unit and some of the party wall has been partially removed.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
Tenant
Ground
First
Second
Retail
Ancillary
Ancillary
113.70 sq m
41.20 sq m
42.50 sq m
(1,224 sq ft)
(443 sq ft)
(457 sq ft)
VACANT POSSESSION
Total
197.40 sq m
(2,124 sq ft)
 

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    04.05.21
    File Size
    16 MB
    Login to View
  • Site Plan
    Updated Date
    16.04.21
    File Size
    872 KB
    View PDF
  • Catalogue Page
    Updated Date
    19.04.21
    File Size
    817 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Aviva Investors Real Assets Floor 6 Carrara,, Surrey Street,
Norwich
Norfolk
NR1 3DR
Jane Woollett 0207 283 2000jane.woollett@avivainvestors.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now