| Location |
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The property is approximately one mile west of Reading’s town centre in a good secondary shopping area on the busy Oxford Road (A329) on the corner of Cranbury Road. Opposite the premises is the proposed development of the ex Battle Hospital site comprising a large residential scheme and a Tesco Store.
The location benefits from being on the main bus routes.
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| Description |
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The property is approximately one mile west of Reading’s town centre in a good secondary shopping area on the busy Oxford Road (A329) on the corner of Cranbury Road. Opposite the premises is the proposed development of the ex Battle Hospital site comprising a large residential scheme and a Tesco Store.
The location benefits from being on the main bus routes.
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| Accommodation |
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GROUND FLOOR
SHOP- 445 Oxford Road. The corner shop.
Shop 31.31 sq m 337 sq ft
Office 9.57 sq m 103 sq ft
Office 8.36 sq m 90 sq ft
Kitchen/Staff Room 5.48 sq m 59 sq ft
Total 54.72 sq m 589 sq ft
Plus WC
SHOP- 447 Oxford Road.
Shop/Offices 29.1 sq m 314 sq ft
(presently split into two areas)
Staff Room 4.9 sq m 53 sq ft
Directors Office 17.0 sq m 183 sq ft
TOTAL 51.0 sq m 550 sq ft
Plus WC
FLAT- 449 Oxford Road. Sold on 99 year lease. (See below)
Living Room, Bedroom, Kitchen and Bathroom/WC
FIRST FLOOR
OFFICE SUITE
A suite of eight offices 102.19 sq m 1100 sq ft
Kitchen 8.30 sq m 89 sq ft
Store 2.40 sq m 26 sq ft
TOTAL 112.89 sq m 1215 sq ft
Plus WCs
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| Tenancies |
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a) SHOP 445 Oxford Road.
Under Offer and in solicitors hands to a hairdressers (October 2006). A new internal repairing and insuring lease for a term of 10 years, with a 5 year tenant break option, at £9250 per annum exclusive.
b) SHOP 447 Oxford Road.
Under Offer and in solicitors hands to an African Clothes shop (October 2006) A new internal repairing and insuring lease for a term of 5 years, with a 3 year tenant break option, at £8500 per annum exclusive.
445/447/449 Oxford Road Z2364
c) OFFICES
Let to Phoenix Security Services Ltd on a new internal repairing and insuring lease for a term of 5 years from 30 March 2006 at a rental of £11,000 per annum exclusive. There is to be a rent review at the end of the third year. The tenant pays a service charge to cover common costs plus insurance.
The lease excludes the Security of Tenure provisions of Sections 24-28 of the Landlord and Tenant Act 1954.
d) FLAT
This is let on a 99 year ground lease at a rental of £25.00 pa.
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| Total Income |
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On completion of the shop lettings total rental will be £28,775 per annum.
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| Freehold Price |
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Offers invited in the region of £405,000 (four hundred and five thousand pounds) for these three properties.
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| Viewing |
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For
further information or an appointment to view please contact:
GEORGE
CHILVERS or NICK BERESFORD-OWEN
CHILVERS PAGE
Tel: 0118 958 0656
www.chilverspage.co.uk
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