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Marketed by
Unit 46 Broad Street, Reading, RG1 7QE
Use Class
E(a)
Size
2,440 sq ft
Rent pa
£35,000
Market Sector
Shopping Centre
Landlord
Ivy Park
Description
Broad Street Mall provides 400,000 sq. ft. of retail and leisure accommodation, 750 parking spaces. The scheme is part of Phase 1 of the Minster Quarter regeneration scheme which will deliver 1300 new homes as well as a unique cultural hub within the heart of the town. The unit occupies a prominent location on the ground floor of the Centre. Other notable retailers within the scheme are Poundland, Holland & Barrett and Boswells Café. Please refer to the attached copy of the street traders plan for further details.
Location
Reading is an affluent Thames Valley commuter town and a major office centre in it's own right. The town has a primary catchment of approximately 669,000 people.
Broad Street Mall is centrally located in the heart of Reading and provides large stores of TK Maxx, New Look and Argos.
The scheme has an average footfall of circa 170,000 people per week, providing 400,000 sq ft of retail space across 85 shops and offers approximately 750 parking spaces.
The subject premises are situated opposite Poundworld and Holland & Barrett with other nearby retailers including New Look, Argos, Boswells Cafe, Greggs and BrightHouse.
Accommodation
2,440 Sq.Ft
The premises are arranged over ground and basement floors, comprising the following areas:
Financial
Lease Term
A new lease is available direct from the landlord on terms to be agreed.
Rent
£35,000 per annum exclusive.
Costs
Each party to be responsible for their own legal costs incurred in this transaction.
Service Charge
The current service charge for the financial year is £35,849.54 per annum.
Business Rates
We have been informed by the Valuation Office Agency of the following rating information: Rateable Value £37,500 UBR (25/26) 0.499p All parties are to advised to make their own enquires to the relevant authority.
Rates
Sustainability
Energy Performance Certificate
Energy Performance Certificate Information
The property has an EPC rating of C. A full report is available upon request.
This Property is Part of a Shopping Centre
Broad Street Mall
Reading is an affluent Thames Valley commuter town and a major office centre in it's own right. The town has a primary catchment of approximately 1.7 million people. Broad Street Mall is centrally located in the heart of Reading and provides large stores for TK Maxx and New Look. It is currently undergoing a £2 million refurbishment to create a brighter, sharper environment. The scheme has an average footfall of circa 8 million people per week, providing 475,905 sq ft of retail space across 85 shops and offers approximately 740 parking spaces. There is an additional 10,000 sq ft of brand new prime space being created on-site.
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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