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Mcilroy's Building, 18 Oxford road, First Floor , Office Suite, Reading

575 Sq Ft / Offices

For Sale - £145,000.00

Available - Last updated: 12 November 2024

For Sale 

Long Lease (999 years) First Floor Office Suite

Commercial

Renovation - £25,000 Invested

Circa. 575sq.ft / 53M² - Vacant

Mcilroy’s Building,  First Floor Commercial Premises,

Office Suite, 18 Oxford Road, Reading, Berkshire,

RG1 7LB

Location

The first-floor property, comprising a first-floor office suite, is located in a building comprising a ground floor and three upper floors within Reading Town Centre in Berkshire.

Property

The Long Lease Property (999 years with 979 years remaining) approx. 575sq.ft / 53M² is situated in the McIlroy’s Building in Reading, this first-floor office offers easy access via Oxford Road.

Boasting abundant natural light, high ceilings, and skylights, the space feels open and airy. Recently renovated with modern finishes (£25,000 invested), it features a new kitchenette, W.C. with Shower, and fresh laminate flooring throughout. Large separate office.  Additional highlights include a security and fire alarm system and a generous storage cupboard. This unique property combines contemporary office, making it an ideal choice for a commercial office purpose.

Prospective Rental Income

The property, in our opinion can be let on a Full Repairing and Insuring lease at a rent of between £9,500 to £10,000 per annum (£792 to £833 per calendar month)      

Notes

Rateable Value:- Previous £8,700 – Removed from the Rating list – 1st October 2019

EPC Rating:-  E-106 (Valid until 19th October 2026)

No Parking

Management Fees – Circa. £1,800 per annum

The property’s electricity is still connected to the building’s main supply and will require separation through a sub-meter installation at the buyer’s expense.

 

 

 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £145,000.00 NA

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Commercial Department

Lansley Commercial

0118 336 0135

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