Entirely underlet to tenants trading as Paul Bakery & Café & No1 Currency Exchange at a total sublet rent of £98,000 pax
Central location on pedestrianised Broad Street
Nearby occupiers include Caffe Nero, KFC, Sports Direct, Next and Waterstones
VAT - free investment
Lot 3
Auction 30th October 2025
Rent £3,250 per Annum Exclusive
Status Available
Guide* £250,000
Sector Ground Rent
Auction Venue Live Streamed Auction
Property Information
Location
Miles
26 miles south east of Oxford, 40 miles west of London
Roads
M4, A33, A329
Rail
Reading Railway Station (GWR & Elizabeth Line, 22 minutes to London Paddington)
Air
Heathrow Airport
Situation
Broad Street is Reading’s prime pedestrianised retail thoroughfare, connecting Broad Street Mall to The Oracle Shopping Centre. The property occupies a prominent position on the western side of Broad Street, within a short walk of Reading Railway Station. Nearby occupiers include KFC, Caffe Nero, Sports Direct, Next and Waterstones.
Tenure
Freehold.
Location
Miles
26 miles south east of Oxford, 40 miles west of London
Roads
M4, A33, A329
Rail
Reading Railway Station (GWR & Elizabeth Line, 22 minutes to London Paddington)
Air
Heathrow Airport
Situation
Broad Street is Reading’s prime pedestrianised retail thoroughfare, connecting Broad Street Mall to The Oracle Shopping Centre. The property occupies a prominent position on the western side of Broad Street, within a short walk of Reading Railway Station. Nearby occupiers include KFC, Caffe Nero, Sports Direct, Next and Waterstones.
Tenure
Freehold.
Description
The property comprises two shops, one arranged on the ground floor & basement (72 Broad Street) and one arranged on the ground, first & second floors (70/71 Broad Street).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two shops, one arranged on the ground floor & basement (72 Broad Street) and one arranged on the ground, first & second floors (70/71 Broad Street).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
70/71 Broad Street - t/a Paul Bakery Ground First Second 72 Broad Street - t/a No1 Currency Exchange Ground Basement
K W NELSON LIMITED (Entirely sublet to tenants trading as Paul Bakery & Café and No1 Currency Exchange) (1)
99-year lease from 24/06/1958
£3,250
Total Approximate Floor Area
329.3 sq m
(3,542 sq ft)
£3,250
(1) Please note that 70/71 Broad Street is underlet to Port Philip Services Limited (a franchisee of Apul (UK) Limited) t/a Paul Bakery on a 10-year sublease from 25/01/2024 at £70,000 per annum, subject to a rent review & tenant only option to determine on 25/01/2029. 72 Broad Street is underlet to Currency Exchange Corporation Limited (with a guarantee from Fexco International Ltd) t/a No1 Currency Exchange on a 10-year sublease from 15/04/2024 at £20,000 per annum rising to £28,000 per annum on 15/12/2025, subject to a rent review & tenant only break option on 25/01/2029. N.B. The commercial floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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