A specialist skin treatments practitioner is expanding to a second base in Reading in a deal negotiated by property consultancy Vail Williams.
Milan Skin Clinic has taken a 20-year lease on the ground floor of historic riverside property The Maltings.
The initial quoting rent was £25,000 per annum with a staged increase in year two and a review after five years.
Vail Williams was instructed by freeholder, real estate investment business MKJ Property, Holdings and acted jointly with Reading based agent Hicks Baker.
James Newton, Vail Williams Surveyor based in Reading, said: The Grade II listed Maltings provides stylish and versatile space in a highly desirable and convenient town centre location.
“Many period features of the original building have been retained, combining with a high standard refurbishment throughout to create a unique, high quality working environment.
“After strong interest in this property, which overlooks the River Kennet, I was pleased to be able to facilitate the letting to Milan Skin Clinic and I will be interested to see how the building is utilised.”
The 19th century building in Fobney Street was previously part of the old Courage Brewery. It underwent repairs after a fire in the early 1990s with modern elements added to the interior.
Located just minutes’ walk from the Oracle shopping centre, it was most recently occupied by fish restaurant chain Lock Fyne before the outlet’s closure in 2018.
Omar Sheikh, Director of Marketing at Milan Skin Clinic, said the business was rebranding and expanding to a second base to complement its headquarters in Oxford Road, Reading.
“The Maltings proved to be irresistible for us to base our unique skin clinic with our team of dedicated skin therapists and highly experienced medical practitioners offering more than 100 different treatments.
“We are indebted to Vail Williams for sourcing this property for us and we continue to grow our concept of providing specialist skin and body treatments together with aesthetics all under one roof.”
Flexible first and second floor accommodation remains available at The Maltings, with units up to 1,419 sq. ft. (131.8 sq. m).
Vail Williams’ full-service property advice includes commercial agency, investment and development advice, building consultancy, property valuation, planning, lease advisory, property asset management, business rates and occupier consultancy.