Retail - High Street for sale

108A Friar Street, Reading, Berkshire, RG1 1EP

Contact Agent

Call Agent 020 7198 2000

Marketed by

Lambert Smith Hampton London (City)

55 Wells St, London W1T 3PT

Properties for sale Properties to let

New

108A Friar Street, Reading, Berkshire, RG1 1EP

1 of 9

Offers in the Region of

£2,000,000

108A Friar Street, Reading, Berkshire, RG1 1EP

9380 sq. ft (871.43 m²)

Contact Agent Call Agent 020 7198 2000

Key features

Portfolio of three retail units let to Optimax Clinics
Co-terminus 15 year leases expiring 24 June 2039
WAULT To Expiry: 12.8 years
Total Current Passing Rent: £179,050 per annum

Description

Opportunity to acquire a portfolio of three retail units let to Optimax Clinics Limited. Co-terminus 15 year leases commencing 25 June 2024 and expiring 24 June 2039.
The leases are subject to Tenant only break options on 24th June 2029 and 24th June 2034 (subject to six months' prior written notice) and have three-yearly upward only CPI linked rent reviews.
The Leeds and Reading tenancies benefit from the security of tenure provisions of the Landlord & Tenant Act 1954. The Maidstone tenancy does not benefit from security of tenure.

Reference: 2128255_sales

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All commercial properties for sale in Reading

Marketed by

Lambert Smith Hampton London (City)

55 Wells St, London W1T 3PT

Properties for sale Properties to let

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Retail - High Street to let

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3486 sq. ft (323.9 m²)

The premises comprises Ground Floor Retail, Showroom premises with ancillary offices falling within Class E use and so may also by suitable for some Clinic and Leisure users etc.