Summary
Lansley Commercial are delighted to offer to the market this self-contained ground floor E-Class retail premises, prominently situated on the busy Prospect Street parade in the heart of Caversham.
Extending to approximately 425 sq.ft (40 m²), the premises comprise a well-presented, double-fronted open-plan retail area with laminate flooring, spot lighting and an intruder alarm. A side W.C. with wash hand basin is provided, while the main retail area leads through to a useful rear ancillary room, which in turn provides access to a fully fitted kitchenette. The property is served by electricity only (no gas supply) and benefits from a water heater.
The premises were most recently occupied as a vape shop and are understood to fall within Use Class E, making them suitable for a wide range of retail, office, medical, beauty and professional service occupiers, subject to any necessary planning consents.
Located within a busy and established local parade, the property enjoys excellent visibility, strong day-to-day pedestrian footfall and is surrounded by a mix of independent retailers, cafés and service businesses serving the affluent Caversham community.
The landlord has confirmed that the premises will be redecorated prior to occupation.
The property is offered with vacant possession and is available immediately. Early viewing is highly recommended.
Key Points
Approx. 425 sq.ft (40 m²) self-contained retail premisesProminent double-fronted shop on busy Prospect StreetVersatile Class E accommodation suitable for a range of uses (STP)High footfall location in the heart of CavershamRear ancillary room, W.C. and fitted kitchenetteVacant possession – available immediatelyViewings
Strictly by prior appointment through Lansley Commercial on 0118 959 9550.
Applicant Agency Fee
Lansley Commercial Applicant Fee: £450 + VAT, payable by the successful applicant on completion, for the successful introduction and progression of the letting transaction.
Location
The property occupies a prominent position on the busy Prospect Street parade in the heart of Caversham, benefiting from strong pedestrian footfall and excellent access to Reading town centre and the surrounding residential areas.
Terms
A new full repairing and insuring lease is available, contracted inside the Landlord and Tenant Act 1954, for a term of 10 years, subject to a tenant break at the end of Year 5. Five-yearly rent reviews will apply. The tenant will be responsible for the building insurance premium (currently approximately £285 per annum) and provide a three-month rent deposit