Land and property

Contact our valuation team if you are interested in renting Council-owned land or business property.

We have 41 purpose-built units for small businesses at Acre Business Park. The units are let on a one-year licence.

To let

Vacant shop – 36a Coronation Square, Southcote, Reading RG30 3QN

Shuttered frontage of shop

Property details

The property has a central front entrance within a frontage of 2.4 metres. The unit has a storage area accessed via two doors at the rear. A communal car park sits behind the unit. The shop and storage together measure 538.20 sq ft (50.00 sq m).

Lease

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.

Rent

Offers in the region of £5,000 per annum are invited.

Repairs

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, decoration and shop front.

Insurance

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.

Rates

Business rates to be paid by the tenant.

VAT

VAT is not payable.

EPC

To follow.

Legal costs

Tenant to cover legal costs.

Viewings

By appointment only. Please contact David Lynch by email for further information: david.lynch@reading.gov.uk

Offers

All offers should be submitted to:

Property, Estates & Valuation Section

Reading Borough Council

Civic Offices, Bridge Street, Reading, RG1 2LU

E: valuation.section@reading.gov.uk

T: 0118 937 2600

Date of Publication – September 2021

Interested parties, please note: The closing date for offers will be 24th November 2021. Offers received after this date will not be considered.

Offers should include the following:

  • Rent offer
  • Required the length of lease
  • Full details of the applicants proposed use of the premises

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

Lease code

You should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available through professional institutions and trade associations or through the website www.leasingbusinesspremises.co.uk

Misrepresentation Act 1967

  1. The particulars are set out as a general outline only for the guidance of intended lessees and do not constitute part of an offer or contract.
  2. All descriptions, dimensions, reference to condition and necessary permissions for use of occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.