Deacon Way, Reading, Berkshire, RG30

Reading is a large town in Berkshire located on the River Thames and close to the M4 Motorway. It has a significant population and is home to a variety of large companies. The property is located in the Io Trade Centre on Deacon Way a short drive to the West of the main town centre.

Reading is well connected by junctions 10, 11, and 12 of the M4, together with the A329 M to Bracknell, and the A33 to Basingstoke/M3 motorway. The town is serviced by direct trains into London Paddington taking approximately 40 minutes.

The property consists of a c. 4,571 sqft steel frame and metal clad light industrial unit occupied by a specialist car transmission servicing business. The ground floor is largely open and used for car servicing, together with a reception. The mezzanine above is used as an office and parts storage.
Minimum eaves height of 6m rising to 8m at the centre together with a full height up and over door. Outside there is a forecourt for up to 9 staff and customer cars.

The current owner and occupier of the property is a successful Automatic Transmissions Business called 3D Automatic Transmissions Ltd (Company Number 10675158), who have been in occupation since 2017.

The building will be sold with the benefit of a new 10 year Lease to 3D Automatic Transmissions Ltd at an annual rent of £62,400per annum.

The lease which will be contracted outside of the security of tenure of the 1954 Landlord & Tenant Act, and will include a tenant break and an Open Market rent review on 5th Anniversary.