Restaurant to rent
London Road, Reading, RG1
like this property?Call 0118 447 2127
- 4,800 sq ft (445 sq m)
- Use class orders: A1 Shops, A2 Financial and Professional Services, D1 Non-Residential Institutions and D2 Assembly and Leisure
- VERY PROMINENT POSITION
- HIGH PASSING TRADE
- A2 AND A1 PERMITTED USE
- MOST SUITABLE FOR D1 / D2 USE (STPP)
- FULLY EQUIPPED KITCHEN
- ORIGINAL FEATURES
- PARKING AVAILABLE
Letting information:Furnishing: Unfurnished
Letting type: Commercial
The property is located in an exceptionally prominent position approximately a mile and a half east of Reading town centre on both the A329 Kings Road and the A4 London Road – two of the main arterial routes into and
out of Reading. The property therefore benefits from very high passing trade from both vehicles and pedestrians, while it is also located within a densely populated residential and commercial area. The property benefits further from its close proximity to the main student area of Reading, along with it being within walking distance of The Royal Berkshire Hospital.
--- DESCRIPTION ---
The property is a very attractive Grade II listed period building arranged over three floors. The space available is to be found on the ground floor and as a former restaurant currently comprises a reception area, substantial open plan dining area capable of accommodating up to 300 covers, additional private dining areas, bar area, fully equipped kitchen and W.C.s and a basement. The property has permitted use for A2 (Financial and Professional Services) and A1 (Shops) however due to its Grade II Listed status, it would be most suitable for D1 (Health) / D2 (Leisure) use (stpp). The property also benefits from parking for a number of vehicles.
--- ACCOMMODATION ---
Ground floor: 4,800 sq ft / 445.9 sq m
Total: 4,800sq ft / 445.9 sq m
--- TERMS ---
The property is available on a new lease for a term to be agreed.
--- RENT ---
Price on application
--- BUSINESS RATES ---
We have been verbally advised that the property is assessed as follows:
- Rateable value: £22,250.00
- UBR (2012/13): £0.458
- Rates Payable: £10,190.50
Interested parties should make their own enquiries to the local authority to verify this information along with any relief that may be applied.
--- INSURANCE ---
An insurance charge is levied for buildings insurance, loss of rent cover and property owner’s liability.
--- LEGAL FEES ---
Each party to bear their own costs.