Prime Location Commercial Property Available For Lease in Tilehurst Local Centre
Tilehurst, BerkshireRent: £1,000 per month
Status:
SOLD
Date Submitted:
26/08/24
Advert ID:
2224
Reference:
DR1615 / Rightbiz
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Business Details
Spacious Commercial Premises To Let in Local Centre (10 shops) in Tilehurst
To Let on Lease
Spacious Commercial Premises – Class E – A1
Local Centre - 11 Shops
Large Customer Car Park
Circa. 680sq.ft / 63M²
Unit 2, The Colonnade, Overdown Road, Tilehurst, RG31 1HA
A modern unbroken parade / local centre consisting of a Supermarket (Co-Op) and 10 shops. Large customer parking area at front of shops together with rear servicing and loading area. Excellent variety of traders, bringing in large footfall.
Serving the popular residential suburb of Tilehurst, Overdown Road. Approximately 1.5 miles west of Reading Town Centre with easy access to the M4 – Junction 12.
The Double Fronted, Spacious Commercial Premises are held on a 15-year FRI lease which, we are advised, expires in October 2027 (circa. 3 years remaining) with a current rent of £12,000 per annum (£1,000 per calendar month). No VAT. Inside the Landlord and Tenant Act 1954 – renewable. Copy of Lease available upon request. Landlord will consider an assignment of current lease or a new lease subject to negotiation
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