Summary
The Long Lease Property (999 years with 979 years remaining) a pprox. 575sq.ft / 53M² is situated in the McIlroy’s Building in Reading, this first-floor office offers easy access via Oxford Road.
Boasting abundant natural light, high ceilings, and skylights, the space feels open and airy. Recently renovated with modern finishes (£25,000 invested), it features a new kitchenette, W.C. with Shower, and fresh laminate flooring throughout. Large separate office. Additional highlights include a security and fire alarm system and a generous storage cupboard. This unique property combines contemporary office, making it an ideal choice for a commercial office purpose.
Key Points
575 sq ft (53 m²) first-floor officeLong lease (999 years, 979 remaining)Recently refurbished (£25,000 invested)Modern fit-out with kitchenette & shower roomCentral Reading location (Oxford Road)Guide price £145,000 + VATProspective Rental Income
The property, in our opinion can be let on a Full Repairing and Insuring lease at a rent of between £9,500 to £10,000 per annum (£792 to £833 per calendar month)
Notes
The property’s electricity is still connected to the building’s main supply and will require separation through a sub-meter installation at the buyer’s expense.
Applicant Agency Fee
Agent's Fee: £650 plus VAT, payable by the purchaser upon completion of the sale to Lansley Commercial for introducing and facilitating the transaction.
Location
The first-floor property, comprising a first-floor office suite, is located in a building comprising a ground floor and three upper floors within Reading Town Centre in Berkshire.
The property is situated on Oxford Road in Reading town centre, a busy and well-established commercial area with a mix of retail, office and residential uses, within easy reach of Reading mainline station and local amenities.