36-38 Prospect Street, Caversham, Reading, RG4 8JL

Summary

An attractive double-fronted retail premises - approximately 1,235sq.ft - arranged over a ground floor retail sales area together with two separate rear basement storage areas.

The property benefits from a bright and versatile ground floor sales / retail area with air conditioning, together with ancillary kitchen and WC facilities. The basement accommodation provides useful additional storage space and may suit a variety of occupiers requiring ancillary accommodation.

The premises are considered suitable for a range of retail, office and other Class E uses, subject to any necessary consents. The property is available from November 2026.

A small service charge is payable in addition to the rent for the upkeep of the area at the rear. Further details are available from Lansley Commercial upon request.

The current occupier has traded successfully from the premises for in excess of 18 years, demonstrating the strength and longevity of this established trading location.

Key Points

Viewings

Strictly by prior appointment through Lansley Commercial.

Please do not approach the current occupiers directly or discuss the availability of the premises with them. All enquiries and viewing requests should be directed through the sole letting agents.

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

Prospect Street is one of Caversham's principal retail destinations, serving a densely populated residential catchment and benefiting from a mix of independent retailers, cafés and service-based businesses. Reading town centre and Reading mainline railway station are situated approximately one mile to the south.

Terms

A new effective full repairing and insuring lease is available directly from the landlord for a term to be agreed, although the landlord's preference is for a 10-year term.

The lease will be granted outside the security of tenure provisions of the Landlord and Tenant Act 1954 (as amended).

Rent reviews will be incorporated at 5-year intervals, where applicable.

The grant of the lease will be subject to landlord's consent, satisfactory references and covenant checks.

A rent deposit equivalent to six months' rent will be required.

The landlord will also require a personal guarantor.

Each party will be responsible for their own legal costs incurred in the transaction.