30 Queen Victoria Street Reading RG1 1TG

30 Queen Victoria Street
Reading
RG1 1TG

Freehold Bank Investment

Let to HSBC Bank Plc until 2026 on a renewed lease (subject to option)
Pedestrianised town centre location
Crossrail town. Reading to Bond Street in 54 minutes
50 metres from John Lewis and Primark
Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander

Lot
46
Auction
18th October 2018
Rent
£78,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Receivers Savills

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Freehold Bank Investment

Let to HSBC Bank Plc until 2026 on a renewed lease (subject to option)
Pedestrianised town centre location
Crossrail town. Reading to Bond Street in 54 minutes
50 metres from John Lewis and Primark
Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander

Lot 46
Auction 18th October 2018
Rent £78,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Bank
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Receivers Savills

Property Information

Location

Miles: 25 miles south of Oxford, 42 miles west of Central London
Roads: A329(M), M4, M25
Rail: Reading Railway and Crossrail Station
Air: London Heathrow Airport

Situation

Reading is a major regional commercial and retailing hub. The town will benefit from having a station on the new Elizabeth/Crossrail line giving a journey time of 54 minutes to Bond Street (crossrail.co.uk). The property is prominently situated on the east side of pedestrianised Queen Victoria Street, near the junction with Broad Street and 50 metres from John Lewis and Primark. Other neighbouring occupiers include Itsu, Gap, Starbucks, WH Smith, Sainsbury’s, Boots the Chemist, Lloyds and Santander.

Tenure

Freehold.

Location

Miles: 25 miles south of Oxford, 42 miles west of Central London
Roads: A329(M), M4, M25
Rail: Reading Railway and Crossrail Station
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property is an attractive period retail building comprising ground floor banking hall accommodation with ancillary accommodation on the three upper floors and in the basement. The property forms part of the larger HSBC bank building that fronts Broad Street.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Note

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground Basement First Second Third	Banking Hall Ancillary Ancillary Ancillary Ancillary	73.90 sq m 55.75 sq m 57.60 sq m 63.20 sq m 47.85 sq m	(795 sq ft) (600 sq ft) (620 sq ft) (680 sq ft) (515 sq ft)	HSBC BANK PLC (1)	For a term from 25/03/2017 on a full repairing and insuring lease (2)	£78,000	25/03/2022 (18/10/2026)
Total		298.30 sq m	(3,210 sq ft)			£78,000

(1) For the year ending 31st December 2017, HSBC Bank Plc reported pre-tax profits of £2,370,000,000 and a total net worth of £38,113,000,000 (Source: Experian Group 19/9/2018).
(2) The lease provides for a tenant option to determine on 18/10/2021 subject to six months’ notice.