This Commercial property is located on the main London Road (Cemetery Junction) The property comprises of a large shop floor, storage available in the basement & rear and a WC.
Tenure Leasehold. The property is available to let by way of an assignment of the head lease dated 24th September 2019 for a term of 15 years. The passing rent is £14,000 per annum.
The lease is full repairing and insuring with rent reviews every 5 years, the next review is due on 24th September 2023. The basis of the rent review is to the Open Market assuming a commercial use disregarding tenants' improvements and licensed use.
The permitted use as a restaurant and/or hot food take away within Use Classes A3 and A5 of the town & country Planning (use Classes) order 1987 as at the date of lease granted.
Lease Premium
Offers in the region of £25,000.
Deposit: £1,346.15
Business Rates
Reading Borough Council, Unknown
Notice
All photographs are provided for guidance only.
