Reading is a popular regional retailing destination and a major commercial and administrative centre for the Thames Valley region. The town is strategically located 40 miles (64km) west of Central London, 25 miles (41km) south east of Oxford and 80 miles (130km) east of Bristol. The town benefits from excellent transport links.

Reading has a total town centre regional retail floorspace of 1.78 million sq ft above the regional centre average and ranking the town 19th of PROMIS centres on this measure. PMA estimates the Consumer Base of Reading to be 649,000 ranking the town 18th out of the centres measured. Prime retailing is centred on the pedestrianised Broad Street where M&S, John Lewis, Sainsburys and Primark amongst others, are represented. Broad Street runs from The Oracle at its eastern entrance, west to Broad Street Mall. The Oracle Shopping Centre, dominating the food and beverage provision, is anchored by House of Fraser it also incorporates a Vue Cinema. The centre offers 700,000 sq ft of retail and leisure, split across two levels. Key tenants include Apple, Boots, Zara, H&M, Oliver Bonas, Reiss, Gant, Hollister and L’Occitane, as well as a Next, Beauty and Home Store. The scheme benefits from a multi-storey car park providing approximately 2,300 spaces and a leisure element at ground floor level. Restaurants in the scheme include Nando’s, McDonalds, Yo Sushi, Wagamama, Five Guys, Browns and All Bar One. The other centre of note is the Broad Street Mall, located at the western end of Broad Street. The 400,000 sq ft scheme is the town’s secondary shopping centre, split over two levels with occupiers such as TK Maxx, The Gym, Wilko and Metro Bank. We understand that the new owners have plans to re-purpose the scheme to include a number of complimentary uses.

The property is a modern, prominent, mixed use building arranged over ground, basement and two upper floors. The property comprises two retail units and a dentist. Unit 1 and Unit 2 are let to Tortilla and Coco Di Mama respectively. Both units are arranged over ground floor, while Unit 1 (Tortilla) also benefits from a basement. The entire first and second floors are let to Nathwani Dental Limited (t/a Reading Smiles). They had previously only leased the offices above Unit 1, but have recently taken a lease of Unit 2 also and will begin to fit out this space shortly. Servicing is via the front from Broad Street and rear, via a shared service yard. The occupational leases are let on effectively Fully Repairing and Insuring terms. There is a service charge in place at the property, with no current landlord shortfalls. Details are available on request