1 March 2023: Wednesday 01 March 2023 - 9:00am
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    Key features

    • Investment let at £32,500 pa (10.83% on Guide Price)
    • Comprises three shops with upper parts (including a residential flat)
    • Fully let investment
    • Parking included at the rear (approx 7 spaces)
    • Located in affluent Berkshire Town
    • High Yielding on Guide Price

    Description

    The property comprises a two storey building arranged as three shops with upper parts. 35a includes a flat above. The property also benefits from parking to the rear.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the vendor and the property has not been inspected by Savills.


    33a & 33b High Street

    Ground (Retail) - 49.98 sq m (538 sq ft)

    First (Ancillary) - 10.87 sq m (117 sq ft)


    35 High Street

    Ground (Retail) - 25.08 sq m (270 sq ft)


    35a High Street

    Ground (Retail) - 49.52 sq m (533 sq ft)

    First (Residential) - 51.65 sq m (556 sq ft)


    Total - 187.10 sq m (2,014 sq ft)


    Tenancy

    33a & 33b High Street – Let to JR Food Traders Ltd for 15 years from 18/11/2021 at a rent of £15,000 pa. Rent review every 5 years


    35 High Street – Let to an individual trading as Saunders Hair Design on a 5 year lease from 06/02/2018 at a rent of £7,000 pa


    35a High Street – Let to an individual trading as Taste of China for 15 years from 24/06/2009 at a rent of £10,500 pa (inclusive of the residential flat)


    33 High Street, Theale (Lot 48) - Let on a new 999 year lease from completion at a peppercorn rent.


    Total - £32,500 pa

    Rent

    £32,500 pa

    Notes

    Please note the property is Grade II Listed.


    Please note that any yellow line drawings are indicative only and should not be relied on. Please refer to the title documents in the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Theale is an attractive West Berkshire town approximately 5 miles west of Reading and 44 miles west of Central London. The property is situated in a prominent location on the north side of High Street, the town's main retailing thoroughfare.

      Transport

      Road: Bath Road (A4), M4

      Rail: Theale (GWR)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums