Vacant Retail Unit in Reading Ideal for DIY Store or Restaurant with Renewable Lease
Reading, Berkshire
- Status
FOR SALE
- Advert ID
644773
- Reference
DEEON30 / Rightbiz
- Call Agent:
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Retail Unit suitable for variety of uses in Reading
Prime town centre opportunity to occupy a substantial retail / leisure unit in Reading. The property benefits from a renewable lease with approx 9 years remaining, offering long-term trading security.
• Gross Internal Area: Approx 2,300 sq ft ground floor retail space plus 1,200 sq ft basement – ideal for storage or ancillary use.
• Use Class: Class E – suitable for retail, café/restaurant, leisure, or service uses (subject to planning).
• Business Rates: £25,000 p.a., currently discounted to approx £15,000 p.a. (subject to confirmation).
• Lease: Renewable lease with approx 9 years remaining.
Location & Benefits:
• Prime Central Location: A key route into Reading town centre, adjacent to main shopping streets.
• High Footfall Retail Environment: Close to The Oracle Shopping Centre, Broad Street pedestrianised area, cafés and restaurants, attracting strong pedestrian flows.
• Excellent Connectivity: Approx 5‑minute walk to Reading railway station, with direct links to London (including Crossrail) and regional destinations.
• Vibrant Retail Catchment: Reading is a thriving South East town centre with strong consumer spending and a large regional catchment.
This unit represents an excellent opportunity for an operator seeking a substantial, well-connected town centre presence with secure lease terms and excellent visibility.
For further details and to arrange a viewing, please contact the agent.
NDA and Covenant is mandatory.
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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