Shop to let – 34 Coronation Square

Primary interest
Voluntary sector

TO LET: Vacant shop at 34 Coronation Square, Southcote, Reading, RG30 3QN

The property has a central front entrance with 2 display windows. There is a further private staff entrance at the rear of the property opening through to a service area and car park. Internally the property provides an open retail area, partitioned room, kitchenette, utility space and a WC.

A lease for up to 10 years from the lease completion date is offered. The lease will be excluded from the security of tenure provisions of the Landlord and Tenant Act 1954 Part II.

Offers in the region of £8,000 are invited.

The tenant is to take the premises in its current state and to carry out such works as are necessary for their occupation. The tenant will also be responsible for internal repairs and decoration and shop front.

The building is insured by the Council. The annual building insurance premiums will be repayable by the tenant to the Council. Contents and third-party liability insurance will be the responsibility of the tenant.

The property has a rateable value of £5,900 (1st April 2017 to present).

VAT is not payable.

EPC: to follow.

Each party must bear their own legal costs incurred in the transaction.

Viewings are by appointment only. Please contact David Lynch by email for further information at david.lynch@reading.gov.uk

All offers should be submitted to:
Property, Estates & Valuation Section
Reading Borough Council
Civic Offices, Bridge Street, Reading, RG1 2LU.
Email: valuation.section@reading.gov.uk
Phone: 0118 937 2600

Interested parties, please note: The closing date for offers will be 8 January 2021. Offers received after this date will not be considered. Offers should include the rent proposed, the length of lease required, and full details of the applicant’s proposed use of the premises.

In accordance with the Council’s Third Sector Premises Policy, the Property is also advertised by Reading Voluntary Action. Please contact the Property, Estates & Valuation Section for full details of how to obtain a third sector bidding application, guidance, scoring and accompanying information.

For more details please download the property particulars.

If you are a charity or community group in Reading and you are interested in this lease, please contact Herjeet at herjeet.randhawa@rva.org.uk for advice on what you will need to have in place before taking on a lease.