5-6 Friar Street, Reading, RG1

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Key Points

Summary

Price Reduced: FREEHOLD Reading town centre property adjacent to O'Neill's and Slug & Lettuce with 1.00am sale of alcohol licence (may let)

Description

A mid terrace property of brick construction arranged over basement, ground, first and second floors under a flat roof. The property benefits from an external customer terrace at first floor level.

The ground floor comprises an open plan customer area with bar servery to the left and accessible WCs. The front of house customer area extends to approximately 213 Sq M (2,293 Sq Ft). Customer WCs are accessed to the rear and located at upper ground floor level.
The front section of the property at first floor comprises a selection of 5 rooms which are currently used for office/support/staff. At second floor are further rooms which could provide 3 x bedrooms, reception, kitchen, bathroom and WC.
A good sized basement provided storage and cold room facilities.

Location

Reading is a large town in Berkshire located approximately 42 miles west of Central London; the mainline train station connects London's Paddington station in 25 minutes and Bristol in 70 minutes. The property occupies a prominent location in Reading Town Centre on Friar Street; Reading Town Hall (and Town Hall Square) are located just to the east and Station Road/Queen Victoria Street to the west. The pedestrianised area of Broad Street is located to the south west. The immediate area comprises a mix of commercial businesses including O'Neill's, Slug & Lettuce, M&D Foodhall with other retail and hospitality nearby. Reading mainline station is located 0.2 miles to the north. The area is administered by Reading Borough Council.

Viewings

The property is closed to trade. We recommend interested parties visit the area for a site inspection before requesting a viewing.

Terms

Freehold guide price reduced to £750,000. Leasehold rental offers may be considered.
Vacant possession upon completion. VAT will be applicable.
The Rateable Value is £78,900 (Business Rates Multiplier for 2023/2024 is £0.512.

Availability_text

The accommodation comprises the following areas:

Licensing

Hours for the Sale by Retail of Alcohol:
Sunday to Wednesday 1100 hours until 0000 hours
Thursday to Saturday 1100 hours until 0100 hours

Hours for the Performance of Live Music
Sunday to Wednesday 1100 hours until 0000 hours
Thursday to Saturday 1100 hours until 0100 hours

Hours for the Performance of Recorded Music
Sunday to Wednesday 1100 hours until 0000 hours
Thursday to Saturday 1100 hours until 0100 hours