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Offices for sale in Reading, Berkshire

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Under OfferFor sale: POA
50 Queens Road, Reading RG1 4HU 50 Queens Road is a three storey office building which forms part of a Grade II listed Georgian terrace. The building is offered to the market on a freehold basis and with the benefit of vacant possession.



(From Caldes Software. Property Ref: N411. Nov 30 2018 10:30AM)
50 Queens Road, Reading, RG1 4HU
Type: Office, Offices
Location: 50 Queens Road, , Reading, RG1 4HU
Size: 1406 Sq Ft
Images: 2
Brochures: 1
View Property
For Sale£1,850,000.00
A unique opportunity to purchase the freehold of a 3 Storey Office building based in the heart of Reading. The property benefits from Prior Approval for conversion to 15x1 bed apartments. The Reading Borough Council reference number is 181321. There is a good precedence set, subject to obtaining planning consent, for adding an additional floor to the property, with the neighbouring buildings on both sides having been granted planning to do so. Constructed in 1989 as a development of four separate units, the building consists of standard specification offices constructed over ground and two upper floors. The offices benefit from suspended ceilings with recessed fluorescent lighting, raised floors, double glazed metal framed windows and gas fired central heating.



(From Caldes Software. Property Ref: N1375. Nov 15 2018 12:06PM)
Units 1 & 2 Wesley Gate, READING, Reading, RG1 4AP
Type: Office, Offices
Location: Units 1 & 2 Wesley Gate, READING, , Reading, RG1 4AP
Size: 6410 Sq Ft
Images: 2
Brochures: 1
View Property
For SalePOA

Vacant retail unit and tenanted office investment available for sale in central Reading



Location

Presently the property comprises a 2 storey retail warehouse, known as 71-73 Caversham Road, with a service yard and car parking area situated on the eastern part of the site fronting Caversham Road, together with 2 no. detached 2.5 storey attractive office buildings, known as The Brewery and The Malthouse, with further car parking space situated on the western part of the site. The property’s retail warehouse is currently used as the locally famous Drews Ironmongers whilst its office buildings are fully let to office tenants. The property is bordered by Caversham Road at its eastern boundary, Northfield Road at its northern boundary, a development of 3 storey flats known as Monmouth Court at its western boundary and a retail warehouse currently used as a gym at its southern boundary. Vehicle and pedestrian access to the property is achieved from Northfield Road whilst the retail warehouse also has pedestrian access from Caversham Road.



Additional Details

Description

Presently the property comprises a 2 storey retail warehouse, known as 71-73 Caversham Road, with a service yard and car parking area situated on the eastern part of the site fronting Caversham Road, together with 2 no. detached 2.5 storey attractive office buildings,  known as The Brewery and The Malthouse, with further car parking space situated on the western part of the site.

The property’s retail warehouse is currently used as the locally famous Drews Ironmongers whilst its office buildings are fully let to office tenants.

The property is bordered by Caversham Road at its eastern boundary, Northfield Road at its northern boundary, a development of 3 storey flats known as Monmouth Court at its western boundary and a retail warehouse currently used as a gym at its southern boundary.

Vehicle and pedestrian access to the property is achieved from Northfield Road whilst the retail warehouse also has pedestrian access from Caversham Road.

Accommodation

The property provides the following existing accommodation:-

Drews 71-73 Caversham Road (Retail warehouse):    1,010.30 sq m (10,875 sq ft) Gross Internal Area

The Brewery (Offices):     245.40 sq m (2,641 sq ft) Net Internal Area

The Malthouse (Offices):      129.60 sq m (1,395 sq ft) Net Internal Area

Externally:  Car parking and yard/loading space

Total Site Area: 0.159 hectares (0.393 acres)

Tenure

The property will be sold freehold with the occupancy position being as follows:

Drews, 71-73 Caversham Road:

Vacant

The Brewery and The Malthouse: 

Both Let to Coffey International Development Limited (under 2 separate leases dated 28th September 2017) for 10 years from 5th February 2018 at a total combined passing rent of £64,550 per annum.  Rent Reviews dated 5th February 2021, 2024 and 2027.  Tenant Break Clauses on 4th February 2021.  Tenant’s FRI obligations.

Copies of both leases are available upon request.

Energy Performance Asset Rating

The Brewery & The Malthouse:  C:74

Drews, 71-73 Caversham Road:  C:73

Business Rates

The property lies within the administrative authority of Reading Borough Council (the Rating Authority) and is shown in the Valuation List as having a total Rateable Value of £123,000 which is broken down as follows:

Drews, 71-73 Caversham Road:  £77,000

The Brewery and The Malthouse:  £46,000

VAT

The property is elected for VAT.  Therefore VAT will be payable on the purchase price.

Planning

The property has no significant planning application history.

Having regard to local and national planning policy, the property holds obvious potential to be redeveloped to residential or some other alternative use, either as a whole or in part.

The property’s existing office buildings also hold potential to be converted to residential use under Permitted Development Rights.

Any planning related queries should be directed to the Local Planning Authority: Reading Borough Council.

Method of Sale

The property’s freehold interest is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the property from sale or to vary the method of sale at any time without notice.

The property is offered as a whole and/or as individual Lots as follows:

Lot 1:  Drews, 71-73 Caversham Road (Vacant retail warehouse).

Lot 2:   The Brewery and The Malthouse (Fully let offices).

Written offers for the property are invited by 12 Noon Wednesday 12th December 2018.

Full information on the Method of Sale can be found within the particulars of sale.

Technical Information Pack

A copy of the Technical Information Pack can be downloaded from Haslams Surveyors LLP’s website. Please visit www.haslams.co.uk.

The Information Pack includes:

1.Land Registry Freehold Title and Title Plan.

2.Leases on The Brewery and The Malthouse.

3.Energy Performance Certificates.

Viewing And All Other Enquiries

All enquiries should be directed to the vendor’s sole agents.

Viewings of the property are strictly by appointment only. 

Access to the property during viewings will be available via its entrance from Northfield Road.

Please note that parties must not enter the property outside the viewing times without our prior authority and any inspection of the property is at the prospective purchaser’s risk. 

Access to the internal parts of The Brewery and The Malthouse will not be available during viewings.

71-73 Caversham Road and 1 Northfield Road, Reading, RG1 8JA
Type: Office, General Retail, Retail - High Street, Retail - Out of Town, Offices, Retail
Location: 71-73 Caversham Road and 1 Northfield Road, 71-73 Caversham Road and 1 Northfield Road, Reading, RG1 8JA
Size: 14911 Sq Ft
Images: 7
Brochures: 3
View Property
Under OfferFor sale: £8,540,000.00
New
An exceptional opportunity to acquire a reversionary, single-let office in one of the most sought after locations outside of Central London. - Built in 1988, the freehold office property is a high quality office building arranged over ground, basement and two upper floors totalling 24,102 sq ft (NIA). In 2013, the building underwent a very comprehensive landlord funded refurbishment that included the works below:

o New VRF comfort conditioning to offices with natural air ventilations and all new pipework ductwork, diffusers, grilles and supports
o New BMS system
o New lighting throughout
o New fire and security alarm system
o Upgraded internal cabling for significantly improved IT / Telecoms connectivity
o Improved sustainability rating
o BREEAM ‘ Excellent’

The property has fantastic town centre car-parking ratio of 1:344 sq ft with a total of 70 car parking spaces.
Caversham Bridge House, Waterman Place, Reading, RG1 8DN
Type: Office, Offices
Location: Caversham Bridge House, Waterman Place, Reading, , Reading, RG1 8DN
Size: 24102 Sq Ft
Images: 1
Brochures: 1
View Property
Under OfferFor rent: £10.00 Per Sq FtFor sale: £475,000.00
Modern two-storey business unit with excellent car parking and prominent main road frontage.
( Agency Pilot Software Ref: 179 )
Unit 3 The Minster, 58 Portman Road, Reading, RG30 1EA
Type: Office, General Industrial, Offices, Industrial
Location: Unit 3 The Minster, 58 Portman Road, Reading, RG30 1EA
Size: 3750 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£225,000.00
An attractive Tudor style Grade II listed property with exposed timber beams under a pitched tiled roof and a large car park to the rear.

The premises benefit form both B1a Office and D1 uses and has potential for residential (STP).
( Agency Pilot Software Ref: 178 )
28 Southampton Street, Reading, RG1 2QL
Type: Office, Residential, Residential, Other, Offices, Other Property Types & Opportunities
Location: 28 Southampton Street, Reading, RG1 2QL
Size: 500 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£350,000.00
An attractive Tudor style Grade II listed property with exposed timber beams under a pitched tiled roof and a large car park to the rear.

The premises benefit form both B1a Office and D1 uses and has potential for residential (STP).
( Agency Pilot Software Ref: 177 )
26 Southampton Street, Reading, RG1 2QL
Type: Office, Residential, Residential, Other, Offices, Other Property Types & Opportunities
Location: 26 Southampton Street, Reading, RG1 2QL
Size: 1203 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£560,000.00
An attractive Tudor style Grade II listed detached property with exposed timber beams under a pitched tiled roof and a large car park to the rear.

The premises benefit form both B1a Office and D1 uses and has potential for residential (STP).
( Agency Pilot Software Ref: 176 )
26-28 Southampton Street, Reading, RG1 2QL
Type: Office, Residential, Residential, Other, Offices, Other Property Types & Opportunities
Location: 26-28 Southampton Street, Reading, RG1 2QL
Size: 1703 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£395,000.00
OR
For Rent£12.50 Per Sq Ft
Prominent ground floor open plan office / showroom (stp) For Sale or To LET
( Agency Pilot Software Ref: 163 )
Suite 2 City Gate, 95-107 Southampton Street, Reading, RG1 2QW
Type: Office, General Retail, Offices, Retail
Location: Suite 2 City Gate, 95-107 Southampton Street, Reading, RG1 2QW
Size: 2414 Sq Ft
Images: 5
Brochures: 1
View Property
Under OfferFor sale: POA
50 Queens Road, Reading RG1 4HU 50 Queens Road is a three storey office building which forms part of a Grade II listed Georgian terrace. The building is offered to the market on a freehold basis and with the benefit of vacant possession.



(From Caldes Software. Property Ref: N411. Nov 14 2018 3:37PM)
50 Queens Road, Reading, RG1 4HU
Type: Office, Offices
Location: 50 Queens Road, , Reading, RG1 4HU
Size: 1406 Sq Ft
Images: 2
Brochures: 1
View Property
For Sale£295,000.00
The property is a mid terrace building of brick elevations under a pitched tiled roof. Internally the accommodation is arranged on ground, first and second floors and has the benefit of basement storage and on site parking to the rear. At present there is a separated area to the rear of the ground floor which could easily be re-incorporated into the main building
104, London Street, Reading, RG1 4SJ
Type: Office, Offices
Location: 104 London Street, RG1 4SJ
Size: 1329
Images: 1
Brochures: 1
View Property
For SalePOA
The property currently comprises a 3
storey Grade II listed Georgian town
house, with a modern extension to the
rear. The current use of the property
is offices. The property extends to
approximately 235.5 sqm (2,535 sqft)
NIA with a total site area of approximately
0.025 hectares (0.063 acres).
The property is situated within the Grade II
listed Queen’s Cresent, with Queen’s Road
to the north and Livery Close to the south,
which provides access to the car park.
A neighbouring property, 38 Queens
Road, has been converted into residential
accommodation comprising five 1 and 2
bedroom apartments. We would anticipate
that, subject to the necessary consents,
this property would have similar potential.

The site is owned freehold by the vendor
under registered title BK125894. Copies
of the title are provided as part of the
information pack. The purchaser should
consider the title information and take
advice from a legal professional.
42 Queens Road
Type: Healthcare, Hotels, Land, Mixed Use, Office, Residential, Other Property Types & Opportunities, Licensed & Leisure, Commercial Land, Offices
Location: SOLD 42 Queens Road, Reading, Berkshire, RG1 4BB
Images: 5
Brochures: 1
View Property
For Sale£395,000.00
OR
For Rent£12.50 Per Sq Ft
Prominent ground floor open plan office / showroom (stp) For Sale or To LET
( Agency Pilot Software Ref: 163 )
Suite 2 City Gate, 95-107 Southampton Street, Reading, RG1 2QW
Type: Office, General Retail, Offices, Retail
Location: Suite 2 City Gate, 95-107 Southampton Street, Reading, RG1 2QW
Size: 2414 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£475,000.00
OR
For Rent£10.00 Per Sq Ft
Modern two-storey business unit with excellent car parking and prominent main road frontage.
( Agency Pilot Software Ref: 179 )
Unit 3 The Minster, 58 Portman Road, Reading, RG30 1EA
Type: Office, General Industrial, Offices, Industrial
Location: Unit 3 The Minster, 58 Portman Road, Reading, RG30 1EA
Size: 3750 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£225,000.00
An attractive Tudor style Grade II listed property with exposed timber beams under a pitched tiled roof and a large car park to the rear.

The premises benefit form both B1a Office and D1 uses and has potential for residential (STP).
( Agency Pilot Software Ref: 178 )
28 Southampton Street, Reading, RG1 2QL
Type: Office, Residential, Residential, Other, Offices, Other Property Types & Opportunities
Location: 28 Southampton Street, Reading, RG1 2QL
Size: 500 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£350,000.00
An attractive Tudor style Grade II listed property with exposed timber beams under a pitched tiled roof and a large car park to the rear.

The premises benefit form both B1a Office and D1 uses and has potential for residential (STP).
( Agency Pilot Software Ref: 177 )
26 Southampton Street, Reading, RG1 2QL
Type: Office, Residential, Residential, Other, Offices, Other Property Types & Opportunities
Location: 26 Southampton Street, Reading, RG1 2QL
Size: 1203 Sq Ft
Images: 5
Brochures: 1
View Property
For Sale£560,000.00
An attractive Tudor style Grade II listed detached property with exposed timber beams under a pitched tiled roof and a large car park to the rear.

The premises benefit form both B1a Office and D1 uses and has potential for residential (STP).
( Agency Pilot Software Ref: 176 )
26-28 Southampton Street, Reading, RG1 2QL
Type: Office, Residential, Residential, Other, Offices, Other Property Types & Opportunities
Location: 26-28 Southampton Street, Reading, RG1 2QL
Size: 1703 Sq Ft
Images: 5
Brochures: 1
View Property
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