PRESS RELEASE For Immediate Release

Monday, August 03, 2015

Contact: Harry Bevins

Hicks Baker

Tel: 0118 955 7092

Email: h.bevins@hicksbaker.co.uk

NEW INDEPENDENT CAFÉ COMES TO READING 53 St Marys Butts, Reading, RG1 2LG Briki Ltd, who will launch as C.U.P (Coffee Under Pressure) have taken a 10 year lease at the unique premises tucked just behind Pizza Express, overlooking St Mary’s Church, adjacent to Bill’s Restaurant. Below are some of the conceptual plans we can expect to see at C.U.P once their fit out is complete. The lease contained a tenant only break at the end of the 5th year along with an upward only rent review, 3 months’ rent free at a rent of £15,000 per annum. Hicks Baker acted on behalf of the landlord.

Hicks Baker is a leading independent commercial property consultancy in the Thames Valley offering services for occupiers,

investors and developers. Hicks Baker has expertise in office, industrial, retail and leisure agency, investment, development

and planning, corporate relocation and acquisition and professional services: valuation, Landlord & Tenant, business rates

and property and asset management. Hicks Baker also produces widely acclaimed market research and analysis.

Issued by:

Harry Bevins Hicks Baker Tel: 0118 955 7092 h.bevins@hicksbaker.co.uk

Landlord:

Diocèse of Oxford

Landlord’s Agent: Hicks Baker

Tenant: Briki Ltd

Tenant’s Agent: N/A

Address: 53 St Marys Butts

Type of Property:

A1 Retail

Size:

RSA: 571 sq ft ITZA: 531 sq ft

Lease Terms: 10 year lease 5th year TOB 5th year upward only rent review 6 months’ rent deposit 3 months’ rent free Outside the L&T Act 1954

Rent:

£15,000p/a

DEALS NOTICE

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