Ground & Lower Ground Floor
Abbey Mill House, Abbey Square
Reading
Berkshire
RG1 3BE

Vacant Retail/Restaurant Opportunity

  • Located close to the Railway station and town centre
  • May benefit from a change of use (subject to consents)
  • 504.91 sq m (5,435 sq ft) of accommodation
  • Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee
  • Lot
    34
  • Auction
    16/Jun/2021
  • Vacant Possession
  • Status
    Available
  • Price*
    £225,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Ground & Lower Ground Floor<br>Abbey Mill House, Abbey Square<br>Reading<br>Berkshire<br>RG1 3BE
  • 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

The property is located in a predominantly commercial and residential area on the south side of Abbey square, approximately 500 metres from Reading Railway Station and 400 metres from the town centre. Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee.

Tenure

Long Leasehold. Held for 125 years from 9th July 2009 at a peppercorn rent.

Description

The property comprises retail/restaurant accommodation on the ground and lower ground floor of a larger building. The accommodation is currently fitted out to a shell specification with no lift or staircase linking the two floors. However, there is a lift shaft and by installing an internal staircase the two floors are capable of being connected. Whilst residential accommodation sits immediately above, the unit also forms part of the larger Blade Office development area (www.thebladereading.com).

The property, benefiting from views to the rear across a small terrace area adjoining a river, may be suitable for several different uses including restaurant, café, gym or office (subject to consents) and is capable of further subdivision.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseGross Internal Floor Areas
(Approx)
Tenant
Ground
Lower Ground
Retail/A3
Retail/A3
209.95 sq m
294.96 sq m
(2,260 sq ft)
(3,175 sq ft)
VACANT POSSESSION
Total
504.91 sq m
(5,435 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
    03.06.21
    File Size
    47 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    881 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    580 KB
    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
  • 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
Meinir Warburton -meinir.warburton@avivainvestors.com

Useful Links

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