Reading, RG1 2AG
Use Class E(a)
993 sq ft
993 sq ft
Marketed by Stephen Kane & Co,
ON THE INSTRUCTIONS OF AURUM GROUP LTD PRIME RETAIL UNIT - TEMP/SUBLEASE CONSIDERED
The premises are available by way of a Lease Assignment with incentives available subject to covenant.
The unit is situated in a prime position on the lower ground level of The Oracle Shopping Centre benefitting from an annual footfall of 16 million. The unit is adjacent to Zara and Disney Store and opposite Lush with nearby retailers including Superdry, Hollister, New Look Man, Goldsmiths, Beaverbrooks, H Samuel, Kiehl’s and H&M. House of Fraser and Debenhams are also located in close proximity.
Strictly by appointment.
The premises are held on an effectively full repairing and insuring lease for a term of 10 years from 20 July 2015 subject to an upward only review at the end of the 5th year.
Incentives available subject to covenant.
The higher of the following base rents or 8% of gross turnover exclusive of VAT. With effect from: 20.07.17 £155,000 pax 20.07.18 £157,500 pax 20.07.19 £160,000 pax
2020/07 - 5 years
Transitional relief has not been applied to the above and therefore interested parties are advised to verify these figures by contacting the local authority, Reading Borough Council, 0118 939 0900.
Each party is responsible for their own legal and other professional costs incurred in the transaction.
2016/17 - £11,236 pa.
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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