Commercial · For sale

Reading County Court – Of Interest to Occupiers, Investors and Developers

Reading, Reading, Reading, RG1 1HE

Guide price £5,000,000

Floor area

3028 sq m

Tenure

Freehold

Added

18 Oct 2026

About this property

Accommodation Landmark mixed-use building with retail/leisure on ground floor and a basement car park, with a ground-floor entrance leading to five upper office floors. Frame construction with brick elevations, attractive sash windows and Portland stone detailing. • • • • • • 11 on-site basement car spaces (ratio 1:2,049 sq ft), exclusively for office use; ramp accessed off Friar Street. Office areas used as

Key points: - Landmark mixed-use building in Reading town centre — County Court offices over ground and five floors plus three ground-floor retail/leisure units. - 32,594 sq ft with ancillary basement and 11 car parking spaces; five minutes' walk from Reading Station and Station Hill. - UK Government (Secretary of State) and JD Wetherspoon plc (privity) secure over 90% of income (£708,000 pa). - Freehold. Offers in the region of £5,000,000 reflecting NIY 13.28% and only £153 psf overall. - Significant alternative-use potential; prior consent for apartments (2015, now expired) before current Article 4 direction. - Offers in the region of £5,000,000. - Subject to contract; exclusive of VAT. - Net initial yield 13.28% (6.80% purchaser's costs). - Capital value £153 per sq ft overall. - Purchaser cost contribution: £10,000 + VAT toward vendor's sale costs.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Passing Rent: £708k pa
• NIY: 13.28%
• Area: 32.6k sq ft
• Tenure: Freehold