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Chatham Pl - Mayer House 1,324 sq ft Retail Unit Offered at £295,000 in Reading RG1 7AR
Investment Highlights
- Positioned within the Chatham Place regeneration scheme surrounded by over 900 apartments.
- Excellent accessibility to Reading Station and major road links including the A329 and M4.
- Prominent frontage along a pedestrian-friendly route in a mixed-use urban district.
Executive Summary
A flexible ground-floor retail unit is available for lease in Reading’s Chatham Place, part of a significant city-center regeneration scheme. The unit, classified for Class E use, can accommodate a range of retail or leisure operations. Its position within a high-density residential and commercial zone ensures strong footfall potential, enhanced by neighboring occupiers such as Hotpod Yoga and Stevensons Schoolwear. The property features prominent street frontage in a contemporary mixed-use development, close to major ring roads and easily accessible from key routes including Oxford Road and the Inner Distribution Road. Tenants will also benefit from excellent customer convenience supported by a 590-space multi-story Q-Park adjacent to the property. Reading Station, one of the region’s major transport hubs, offers seamless rail connectivity, further strengthening the location’s draw for businesses catering to both residential and commuter markets.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment or Owner Occupier | Tenure | Long Leasehold |
| Sale Type | Investment or Owner Occupier |
| Tenure | Long Leasehold |
Description
A flexible ground-floor retail unit is available for lease in Reading’s Chatham Place, part of a significant city-center regeneration scheme. The unit, classified for Class E use, can accommodate a range of retail or leisure operations. Its position within a high-density residential and commercial zone ensures strong footfall potential, enhanced by neighboring occupiers such as Hotpod Yoga and Stevensons Schoolwear.
The property features prominent street frontage in a contemporary mixed-use development, close to major ring roads and easily accessible from key routes including Oxford Road and the Inner Distribution Road. Tenants will also benefit from excellent customer convenience supported by a 590-space multi-story Q-Park adjacent to the property. Reading Station, one of the region’s major transport hubs, offers seamless rail connectivity, further strengthening the location’s draw for businesses catering to both residential and commuter markets.
The property features prominent street frontage in a contemporary mixed-use development, close to major ring roads and easily accessible from key routes including Oxford Road and the Inner Distribution Road. Tenants will also benefit from excellent customer convenience supported by a 590-space multi-story Q-Park adjacent to the property. Reading Station, one of the region’s major transport hubs, offers seamless rail connectivity, further strengthening the location’s draw for businesses catering to both residential and commuter markets.
Sale Notes
This long leasehold retail unit, positioned within Reading’s notable Chatham Place regeneration scheme, presents a strong investment opportunity with vacant possession available. The retail unit is sold with a long leasehold expiring in 2255 on a peppercorn ground rent, offering secure tenure for long-term investment planning. VAT is applicable; however, the sale can be treated as Transfer of a Going Concern (TOGC), providing a potential tax-efficient acquisition.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 3 | 1,324 sq ft | Retail | £295,000 (£222.81/sq ft) | - |
Unit 3
| Unit Size |
| 1,324 sq ft |
| Unit Use |
| Retail |
| Price |
| £295,000 (£222.81/sq ft) |
| NOI |
| - |
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Unit 3
| Unit Size | 1,324 sq ft |
| Unit Use | Retail |
| Price | £295,000 (£222.81/sq ft) |
| NOI | - |
| Sale Type | Investment or Owner Occupier |
| Tenure | Long Leasehold |
| Description | |
| A flexible ground-floor retail unit is available for lease in Reading’s Chatham Place, part of a significant city-center regeneration scheme. The unit, classified for Class E use, can accommodate a range of retail or leisure operations. Its position within a high-density residential and commercial zone ensures strong footfall potential, enhanced by neighboring occupiers such as Hotpod Yoga and Stevensons Schoolwear.<br> The property features prominent street frontage in a contemporary mixed-use development, close to major ring roads and easily accessible from key routes including Oxford Road and the Inner Distribution Road. Tenants will also benefit from excellent customer convenience supported by a 590-space multi-story Q-Park adjacent to the property. Reading Station, one of the region’s major transport hubs, offers seamless rail connectivity, further strengthening the location’s draw for businesses catering to both residential and commuter markets.</li></ul> | |
| Sale Notes | |
| This long leasehold retail unit, positioned within Reading’s notable Chatham Place regeneration scheme, presents a strong investment opportunity with vacant possession available. The retail unit is sold with a long leasehold expiring in 2255 on a peppercorn ground rent, offering secure tenure for long-term investment planning. VAT is applicable; however, the sale can be treated as Transfer of a Going Concern (TOGC), providing a potential tax-efficient acquisition.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 25,289 sq ft | Floors | 7 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 5,289 sq ft |
| Property Subtype | Apartment | Year Built | 2018 |
| Costar Property Class | C | Total Plot Size | 4.40 ac |
| Total Property Size | 25,289 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | C |
| Floors | 7 |
| Typical Floor Size | 5,289 sq ft |
| Year Built | 2018 |
| Total Plot Size | 4.40 ac |
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 1+1 | 50 | - | - |
1 1
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Street View
Street
Map
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Chatham Pl - Mayer House
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