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.