THE VILLAGEKing Street, Reading

Exciting New Leisure Scheme

2The Village King Street, Reading

LOCATIONReading is the main commercial centre in the Royal County of Berkshire. It benefits from being extremely well located in the M4 corridor, 38 miles west of Central London, 25 miles south of Oxford and 18 miles north of Basingstoke. The city has excellent transport links with Junction 10 of the M4, just 3.5 miles (5 km) to the south of the subject property connecting Reading to the national motorway network. Reading station is a hub for First Great Western rail services, with a fastest journey time of 26 minutes to London, running

every 15 minutes at peak times. Reading station is among the busiest outside London and was substantially upgraded between 2014-2015, with five additional platforms, a new link bridge and an additional entrance. The redeveloped station will accommodate the new Elizabeth line service when Crossrail becomes operational in December 2019. We understand that Reading station will be serviced by two Crossrail trains an hour, which will run directly into central London.

SUMMARY• Dual frontage benefitting from quick

access to the Oracle Shopping Centre and the Reading’s prime pedestrianised pitch, Broad Street.

• Nearby occupiers include Prezzo, TGI Fridays’, Franco Manca, Honest Burger and The Botanist.

• Recently refurbished to a high standard.

• Range of attractive ground and first floor units available ranging from 325 sq ft (30.2 sq m) to 8,090 sq ft (751.6 sq m) – various configurations available.

• National operators Pho Vietnamese Street Food, Escape Hunt and Little Dessert Shop already secured.

• Reading’s first external advertising screen to King Street frontage for benefit of centre occupiers.

House of Fraser

The Oracle

Miller and Carter

The Real Greek

John Lewis

Debenhams

Franco Manca

Honest Burger

Botanist

M&S

Busaba Eathai

Pizza Hut

Vue

3The Village King Street, Reading

RETAILING IN READINGReading is a highly accessible and dominant regional retailing destination, ranked 17th of the PROMIS Shopping Centres and boasting a primary catchment area population of 698,000. The town is particularly affluent with per capita retail spending levels well above the PROMIS average (CACI) and has a significantly high over-representation of the most affluent AB & C1 social grouping. The town’s retail provision comprises approximately 1.83 million sq ft, which is above the Regional Centre average and ranks the town 19th of the PROMIS Centres on this measure.

Reading’s traditional prime retailing pitch, Broad Street, is a wide pedestrianised thoroughfare that runs east / west between the town’s two managed centres, The Oracle (anchored by Debenhams and House of Fraser) and Broad Street Mall. The street accommodates retailers including John Lewis, Primark, Marks & Spencer, Gap and Fat Face. More recently, the prime pitch is considered to be Hammerson’s Oracle Shopping Centre (700,000 sq ft), with access onto Broad Street. Retailers include Topshop / Topman, Zara and Victoria’s Secret. The Riverside which is to the rear of The Oracle is also home to a number of national leisure operators including The Real Greek, Miller & Carter Steakhouse, Comptoir Libanais and Pizza Hut. Reading’s leisure offer is due to improve dramatically over the next 12 months with a number of new entrants to Reading making representation on King Street.

DESCRIPTION AND SITUATIONThe Village occupies a prime location on Kings Street with dual frontage onto both King Street and The Riverside. The schemes main frontage onto King Street benefits from a large Piccadilly Circus style LED curved screen.

The Village has recently been refurbished and converted into an exciting new leisure destination which forms a natural link between The Riverside and the new King Street restaurant pitch, which has seen a host of new leisure operators including Pho, Honest Burger and The Botanist open in recent years, and with further additions including Busaba Eathai to open in the near future.

4The Village King Street, Reading

ACCOMMODATIONA range of attractive ground floor and first floor lock up retail units of between 325 sq ft (30.2 sq m) to 8,090 sq ft (751.6 sq m):

THE VILLAGE SQ FT SQ M

Unit 1 - Let to Pho

Unit 1a - Let to Escape Hunt

Unit 2

Ground Floor 1,111 103.2

First Floor 700 65.0

Ancillary 366 34.0

Total 2,177 202.2

Unit 3

Ground Floor 1,060 98.5

First Floor 1,672 155.3

Ancillary 1,522 141.4

Total 4,254 395.2

Unit 4 - Let to Caffeine and Cocktail

The Kiosk

Ground Floor 325 30.2

Total 325 30.2

Unit 5a - Let to The Drop

Unit 6

Ground Floor 1,358 126.2

First Floor 810 75.3

Ancillary 773 71.8

Total 2,941 273.2

Unit 7 - Let To Soju Korean BBQ

Unit 7a Let to Bolan Thai Cuisine

Unit 8 - Let to Little Dessert Shop

Total 1,570 150.5

GROUND FLOOR FIRST FLOOR

4

LITTLE DESSER

T SHO

P

LITTLE DESSER

T SHO

P

UN

IT 5A -

THE D

RO

P

IMPORTANT NOTICE

Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | December 2018

TERMSThe properties will be available on new 15 year effectively full repairing and insuring leases, subject to 5 yearly upward only rent reviews.

Alternatively, short term leases / pop up stores are available.

LEGAL COSTSEach party is to bear their own legal costs incurred in this transaction.

EPCEPC’s can be provided on request.

RENTAvailable on request.

VIEWINGStrictly by appointment only with Sole Agent Savills.

CONTACTFor further information please contact:

Ben Chislettbchislett@savills.com +44 (0) 2074 098 153

Olly Eadesoeades@savills.com +44 (0) 2070 752 889

5The Village King Street, Reading