TO LET ON LEASE
Spacious Commercial Premises – Class E – A1
3 levels and Basement
(Available once lease has been granted and owner occupier has vacated))
Circa. 1550sq.ft / 145M²
3 WEST STREET,
READING, BERKS,
RG1 1TT
Please do not approach property without an appointment
Rarely available 3 level Commercial Property with Basement in Reading Town Centre – West Street. Busy road with high Footfall.. Large parade of shops with excellent and well established businesses.
Notes:
Owner occupier shall grant lease to tenant and shall vacate thereafter.
Current spend on Gas - circa - £785 per annum
Current spend on Electricity - circa - 1000 per annum
Property has had the roof recently repaired/refurbished - 2023
Property has had the outside and windows recently decorated/painted - 2023
Interior requires refurbishment at tenants expense.
Basement is dry and spacious. Gas and electric meter located in the basement.
Gas supply is currently to ground floor only.
Operating - as 'Sewmaster' - Sewing Machine and Accessories Shop since 1972.
No rear access - only emergency fire escape.
Current Use - A1 - E-Class
* Monthly Free Cashflow: Undisclosed
* Premises Details: Commercial Premises 3 levels with basement. Operating more than 50 years as ‘Sewmaster’
Ground Floor:- Open plan office/retail (circa. 46’ x 12’ – 552sq.ft/51M²) Gas heating.
First Floor:- Storage / Office (circa.32’ x 13’ – 415sq.ft / 38M²) currently used as storage, ideal for office use as well. – W.C. and hand wash basin.
Second Floor:- Office / Storage (circa 32’ x 13’ – 415sq.ft / 38M²) Two separate offices.
* Sector: Commercial Property
* Industry: Other
* EPC: E-108 - 18th March 2034
* Looking For: Leaseholder
* Lease Terms: A new Full Repairing & Insuring Lease will be granted for a term of 10/15/20 years at a rent of £30,000 per annum (£2,500 per calendar month) exclusive of rates. Rent payable quarterly in advance. Six months Surety Rent Deposit - £15,000.
