Unit 120/122 Broad Street Mall, Broad Street Mall, Reading - Picture 2024-05-14-14-26-18
120/122 Broad Street Mall
To Let
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Unit 120/122 Broad Street Mall

203 Broad Street, Reading, RG1 7QE

Use Class
A1
Size
4,368sq ft
Rent pa
£35,000
Market Sector
Shopping Centre

Description

Broad Street Mall provides 400,000 sq. ft. of retail and leisure accommodation, 750 parking spaces and is anchored by TK Maxx. The scheme is part of Phase 1 of the Minster Quarter regeneration scheme which will deliver 1300 new homes as well as a unique cultural hub within the heart of the town. The unit occupies a prominent location on the first floor of the Centre. Other notable retailers within the scheme are Muffin Break, Greggs, Poundland, Iceland, Taco Bell and Superdrug.

Location

Reading is an affluent Thames Valley commuter town and a major office centre in it's own right. The town has a primary catchment of approximately 669,000 people.

Broad Street Mall is centrally located in the heart of Reading and provides large stores for TK Maxx, New Look and Argos.

The scheme has an average footfall of circa 170,000 people per week, providing 400,000 sq ft of retail space across 85 shops and offers approximately 750 parking spaces.

The subject premises are situated adjacent to Wilkinson and opposite the NHS walk in centre with other nearby retailers including New Look, Boswells Cafe, Greggs and BrightHouse.

Key Information

Lease Type

New Lease

Lease Term

New effectively full repairing and insuring lease, for a term to be agreed. Subject to vacant possession.

Accommodation

4,368 Sq.Ft/405.78 m²

The premises are arranged over first and second floors, comprising the following areas:

AreasSq.Ftm²
First Floor3,416317.35
Second Floor1,02294.94

Rent

DateRent
£35,000

Rates

YearRateable ValueUBR p/£Rates Payable
2024£29,50049.9

Financial Details

Rent

£43,000 per annum exclusive.

Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Service Charge

The current service charge for the financial year is £58,177.13 per annum.

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Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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