Friar Street, Reading, Berkshire, RG1
£3,750 pcm
£45,000 pa
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property to lease
- USE CLASSUse class orders: Class E
E
Lease details
- Lease available date:
- Ask agent
- Lease type:
- Short term
- Furnish type:
- Unfurnished
Key features
- Prime Town Centre Location - Positioned on busy Friar Street, between The Oracle and Reading Station, benefiting from heavy footfall.
- Prominent Double-Fronted Retail Unit - Extensive street frontage offers excellent visibility and branding potential.
- Three Storeys of Usable Space - Ground floor retail with first and second-floor ancillary, office or consultation use.
- Flexible E-Class Use - Suitable for a wide range of commercial occupiers, including retail, office, health & beauty.
- Short-Term Lease Opportunity - Ideal for pop-ups, seasonal retailers or trial concepts; 2-year commercial lease.
- No Service Charge Payable - Tenants only responsible for utilities and a portion of building insurance.
- High Profile Neighbours - Surrounded by WH Smith, Nando's, Sainsbury's, Novotel, and other strong commercial occupiers.
- Natural Light-Filled Interiors - Open-plan retail space benefits from large display windows and excellent natural light.
- Ready for Custom Fit-Out - Space would benefit from modernisation, allowing tenants to tailor interiors to their brand.
- Affordable Entry to Central Reading Market - £45,000 p.a. rent with just 2-month deposit; strong value in central location.
Description
TO LET
RETAIL(E-CLASS) PREMISES - FRIAR STREET - READING TOWN CENTRE-3 LEVELS
PARKING SPACES AT REAR
EXCELLENT CENTRAL LOCATION
CIRCA 3500SQ.FT / 325M²
VACANT POSSESSION - AVAILABLE IMMEDIATELY
142-143 FRIAR STREET,
READING, BERKS,
RG1 1EX
Location
Occupying an excellent position on Friar Street, the property is close to the junction with Queen Victoria Street and Station Road-strategically placed between The Oracle and the station. Nearby occupiers include WH Smith, Caffè Nero, Nationwide, Sainsbury's, Poundland, Nando's, and the 178-bed Novotel, reflecting the strong commercial profile of the area.
Premises Description
Prominent Double-Fronted Retail Premises - 142-143 Friar Street, Reading
A substantial and versatile three-storey building with an extensive double-fronted retail presence on the busy Friar Street thoroughfare.
* Ground Floor: Prime open-plan retail area with excellent natural light and a rear ancillary/storage section.
* First Floor: Multiple consultation rooms and additional ancillary space, ideal for office or treatment use.
* Second Floor: Self-contained staff room with kitchenette or further ancillary use.
This prominent and spacious premises offers an excellent opportunity for a wide range of occupiers seeking a high-footfall central location. The premises would benefit from internal refurbishment and modernisation, offering an incoming tenant the opportunity to tailor the space to their specific requirements and create a high-impact retail or service environment in a sought-after location.
Lease Terms
The property is available on a new Commercial Lease for a term of 2 years. The lease will commence at a rent of £45,000 per annum (equivalent to £3,750 per month), 2-month surety rent deposit will be required. There is no service charge payable. Tenant responsible for electricity and water usage and portion of the annual building insurance.
Please note: The landlord intends to pursue redevelopment of the site for residential and/or hotel use following the lease term. As such, the lease will not be extended or renewed beyond the 2-year period, and tenants should plan for vacant possession at lease expiry.
EPC - AWAITED
RATEABLE VALUE - £74,500
Ideal Tenants / Uses
Potential Suitable Uses (subject to planning - applicants should verify with Reading Borough Council) Current Use - E-Class:
Due to the short lease term and immediate availability, this premises is ideally suited to occupiers seeking a central retail presence with minimal long-term commitment. The space lends itself well to:
* Pop-up retail stores
* Seasonal or clearance outlets
* Fashion or accessory retailers
* Vape, mobile phone, or electronics resellers
* Health and beauty product retailers
* Discount or surplus goods stores
* Independent convenience or specialist food shops (non-extraction use)
RETAIL(E-CLASS) PREMISES - FRIAR STREET - READING TOWN CENTRE-3 LEVELS
PARKING SPACES AT REAR
EXCELLENT CENTRAL LOCATION
CIRCA 3500SQ.FT / 325M²
VACANT POSSESSION - AVAILABLE IMMEDIATELY
142-143 FRIAR STREET,
READING, BERKS,
RG1 1EX
Location
Occupying an excellent position on Friar Street, the property is close to the junction with Queen Victoria Street and Station Road-strategically placed between The Oracle and the station. Nearby occupiers include WH Smith, Caffè Nero, Nationwide, Sainsbury's, Poundland, Nando's, and the 178-bed Novotel, reflecting the strong commercial profile of the area.
Premises Description
Prominent Double-Fronted Retail Premises - 142-143 Friar Street, Reading
A substantial and versatile three-storey building with an extensive double-fronted retail presence on the busy Friar Street thoroughfare.
* Ground Floor: Prime open-plan retail area with excellent natural light and a rear ancillary/storage section.
* First Floor: Multiple consultation rooms and additional ancillary space, ideal for office or treatment use.
* Second Floor: Self-contained staff room with kitchenette or further ancillary use.
This prominent and spacious premises offers an excellent opportunity for a wide range of occupiers seeking a high-footfall central location. The premises would benefit from internal refurbishment and modernisation, offering an incoming tenant the opportunity to tailor the space to their specific requirements and create a high-impact retail or service environment in a sought-after location.
Lease Terms
The property is available on a new Commercial Lease for a term of 2 years. The lease will commence at a rent of £45,000 per annum (equivalent to £3,750 per month), 2-month surety rent deposit will be required. There is no service charge payable. Tenant responsible for electricity and water usage and portion of the annual building insurance.
Please note: The landlord intends to pursue redevelopment of the site for residential and/or hotel use following the lease term. As such, the lease will not be extended or renewed beyond the 2-year period, and tenants should plan for vacant possession at lease expiry.
EPC - AWAITED
RATEABLE VALUE - £74,500
Ideal Tenants / Uses
Potential Suitable Uses (subject to planning - applicants should verify with Reading Borough Council) Current Use - E-Class:
Due to the short lease term and immediate availability, this premises is ideally suited to occupiers seeking a central retail presence with minimal long-term commitment. The space lends itself well to:
* Pop-up retail stores
* Seasonal or clearance outlets
* Fashion or accessory retailers
* Vape, mobile phone, or electronics resellers
* Health and beauty product retailers
* Discount or surplus goods stores
* Independent convenience or specialist food shops (non-extraction use)
Energy Performance Certificates
EPC 1Brochures
Friar Street, Reading, Berkshire, RG1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Reading Station0.2 miles
- Reading West Station0.8 miles
- Reading Green Park Station2.4 miles
Notes
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