Ground & Lower Ground Floor Abbey Mill House, Abbey Square Reading Berkshire RG1 3BE

Ground & Lower Ground Floor
Abbey Mill House, Abbey Square
Reading
Berkshire
RG1 3BE

Vacant Retail/Restaurant Opportunity

Located close to the Railway station and town centre
May benefit from a change of use (subject to consents)
504.91 sq m (5,435 sq ft) of accommodation
Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee

Lot
34
Auction
16th June 2021
Vacant Possession
Status
Sold
Price
£425,000
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

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Vacant Retail/Restaurant Opportunity

Located close to the Railway station and town centre
May benefit from a change of use (subject to consents)
504.91 sq m (5,435 sq ft) of accommodation
Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee

Lot 34
Auction 16th June 2021
Vacant Possession
Status Sold
Price £425,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

Property Information

Location

Miles: 8 miles south-west of Henley-on-Thames; 25 miles south-east of Oxford; 40 miles west of Central London
Roads: A33, A329(M), A404(M), M4
Rail: Reading Railway Station
Air: London Heathrow

Situation

The property is located in a predominantly commercial and residential area on the south side of Abbey square, approximately 500 metres from Reading Railway Station and 400 metres from the town centre. Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee.

Tenure

Long Leasehold. Held for 125 years from 9th July 2009 at a peppercorn rent.

Location

Miles: 8 miles south-west of Henley-on-Thames; 25 miles south-east of Oxford; 40 miles west of Central London
Roads: A33, A329(M), A404(M), M4
Rail: Reading Railway Station
Air: London Heathrow

Situation

Tenure

Long Leasehold. Held for 125 years from 9th July 2009 at a peppercorn rent.

Description

The property comprises retail/restaurant accommodation on the ground and lower ground floor of a larger building. The accommodation is currently fitted out to a shell specification with no lift or staircase linking the two floors. However, there is a lift shaft and by installing an internal staircase the two floors are capable of being connected. Whilst residential accommodation sits immediately above, the unit also forms part of the larger Blade Office development area (www.thebladereading.com).

The property, benefiting from views to the rear across a small terrace area adjoining a river, may be suitable for several different uses including restaurant, café, gym or office (subject to consents) and is capable of further subdivision.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas (Approx)		Tenant
Ground Lower Ground	Retail/A3 Retail/A3	209.95 sq m 294.96 sq m	(2,260 sq ft) (3,175 sq ft)	VACANT POSSESSION
Total		504.91 sq m	(5,435 sq ft)

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.