SOLD / WITHDRAWN
20/07/23
1414
1589dr/60 / Rightbiz
To Let on Lease
Commercial Premises (B1) / Storage / Office / Business Premises / Workshop
(Circa 450sq.ft - 42m2)
51a Lorne Street
Reading, Berks, RG1 7YW
Location: Rear of 51 Lorne Street, off Oxford Road. Walking distance from Reading Town Centre. One large parking space (suitable for large van). Secure with lockable gate.
Premises: (circa.155m² / 1668sq.ft) A spacious detached brick building with high ceilings and sky lights. The interior is divided into the main area with two separate office/storage rooms, a reception area and a W.C. ( W.C. to be installed by Landlord at the tenants request.)
Lease: A new Full Repairing & Insuring Lease is offered for a term of 3 or 5 years at a rent of £6,600 per annum (£550 per calendar month) exclusive of rates.
Rateable Value - £8,500 (100% small business rate relief may be available) EPC - Awaited
Deposit: Landlord’s Surety Rent Deposit: Three months’ rent - £1,650.
User: Current use - B1 Business (includes office) – other uses considered, subject to planning consent. Ideal for business premises – plumber, electrician etc., storage, online business and more….
Legal Costs: Each party to pay their own legal costs.
Viewing: A H Lansley
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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