70/72 Broad Street Reading Berkshire RG1 2AF

70/72 Broad Street
Reading
Berkshire
RG1 2AF

Valuable Freehold Ground Rent Investment

Entirely let to K W Nelson Ltd until June 2057
Valuable reversion in 32 years
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
Sold
Price
£340,000
Auction Venue
Live Streamed Auction

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Valuable Freehold Ground Rent Investment

Entirely let to K W Nelson Ltd until June 2057
Valuable reversion in 32 years
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 Sold
Price £340,000
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

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

Band B and E.

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

Band B and E.

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	- Retail/Ancillary Retail/Ancillary Ancillary - Retail Ancillary	- 135.4 sq m 90.9 sq m 35.4 sq m - 13 sq m 54.6 sq m	- (1457 sq ft) (978 sq ft) (381 sq ft) - (139 sq ft) (587 sq ft)	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.