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Prominent High-Footfall Retail Unit In Caversham For Sale

Caversham, Berkshire, UK
Asking Price:
£16,000 per annum
Turnover:
Not applicable
Net Profit:
Not applicable

Prominent double-fronted commercial unit in the heart of Caversham, offering excellent visibility, strong pedestrian footfall and versatile Class E space for a wide range of potential occupiers.

The self-contained 425 sqft ground-floor premises feature a bright, open-plan retail area with double frontage, laminate flooring, spot lighting and an intruder alarm. A useful rear ancillary room fully fitted kitchenette and separate WC provide practical supporting accommodation. The landlord will also redecorate the premises prior to occupation.

Positioned within a busy and established Caversham parade, the property is surrounded by independent retailers, cafés and service businesses serving the local community. Its prominent position provides strong day-to-day visibility and convenient access to Reading town centre and surrounding residential areas.

Class E use provides excellent flexibility for businesses seeking retail, office, medical, beauty or professional service premises, subject to any necessary consents. Vacant possession and immediate availability provide an incoming occupier with the opportunity to establish their business without waiting for an existing tenancy to end.

Currently under offer at £16,000 per annum on a new 10-year Full Repairing and Insuring lease, including a tenant break at the end of Year 5. Enquiries are encouraged for further information.

Property Information

Property:

Leasehold

Lease Terms:

A new 10-year Full Repairing and Insuring lease is available, providing an incoming occupier with a tenant break option at the end of Year 5. The lease is contracted inside the security of tenure provisions of the Landlord and Tenant Act 1954, with five-yearly rent reviews. A three-month rent deposit is required, and the tenant will be responsible for the building insurance premium, currently approximately £285 per annum.

Leasehold Rent:

£16,000 per annum

Location:

Excellent trading position in the heart of Caversham, within a busy and established commercial parade benefiting from strong pedestrian footfall and prominent visibility. Independent retailers, cafés and service businesses create an active local trading environment, while the surrounding residential areas provide an established customer catchment. Reading town centre is also easily accessible.

Premises Details:

Well-presented 425 sqft self-contained ground-floor commercial unit offering excellent frontage and a practical layout for a new occupier. The double-fronted open-plan sales area features laminate flooring, spot lighting and an intruder alarm, with a useful rear ancillary room providing additional operational space. A fully fitted kitchenette and separate WC are also provided. The premises have electricity, a water heater and no gas supply. The landlord will redecorate the property prior to occupation.

Size in square feet:
425 sqft
Planning Consent:

Versatile Class E premises offering flexibility for a range of retail, office, medical, beauty and professional service businesses, subject to any necessary consents.

Energy Performance Rating:
C

Listed by

A H Lansley Commercial Property