A Caversham shopping centre has been put up for sale for a massive £16.45 million.
Located on Church Street, St Martin’s Shopping Centre was built in 1969 and contains over 92,000 sq ft of upgraded retail space.
The centre is currently anchored by a 40,000 sq ft Waitrose and a 13,000 sq ft Iceland which look out onto the centre of Caversham.
Together, these retail giants account for approximately 50 per cent of the income from retailers.
The centre is also being sold alongside the 250-space car park and 10 flats held on shorthold tenancies.
The potential buyer would also be given planning permission to add further residential accommodation.
Other major occupiers include Boots, Superdrug and Costa alongside local occupiers which include longstanding picture-framing and household goods store Terry’s, vegan restaurant Vegivores and The Caversham Butcher.
This commercial property has been listed by KLM Real Estate as instructed by Federated Hermes.
Two new businesses are set to move into St Martins Centre, which will make it fully occupied.
Optician business Eye Club, based in Pangbourne, is currently fitting out at the former Cara Shoes unit and Reading-based bakery business BKRY is to take the former House of Cards unit next door.