11 December 2024: Wednesday 11 December 2024 - 9:00am
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    Key features

    • Mid terrace property comprising of commercial space at ground floor, ancillary space at 1st floor and a 1 bedroom flat at 2nd floor
    • Positive pre application for residential led development of the site
    • Plans drawn up for a commercial unit at ground floor and 12 dwellings at 1st, 2nd & 3rd floor
    • Asset management potential in letting the property out in its current use
    • Located in prime central Reading adjacent to Oracle shopping centre and an approx. 0.4 miles from Reading train station
    • No VAT on sale price

    Description

    A mid terrace property forming part of busy an established shopping parade. The property is situated over ground, 1st and 2nd floor and can be accessed via rear service yard accessed via a road off St Mary's Butts.

    Plans have been drawn up for a commercial unit at ground floor and 12 flats across 1st, 2nd and 3rd floor. A positive pre app has been received for the wider development of the site.

    The Broad Street shopping centre is located opposite the property.

    Additional information

    Tenure

    Freehold

    Accommodation

    61 St Mary’s Butts

    Ground floor

    • Retail area, Kitchen
    • An approx. 2,755 sq ft (256 sqm)

    First Floor

    • Service area, 2 rooms
    • An approx. 1,711 sq ft (159 sqm)

    Second Floor

    • 1 bedroom flat
    • An approx. 667 sq ft (62 sqm)


    Total floor space 5,134 sq ft (477 sqm)

    Tenancy

    Sold subject to a lease and will be vacant on completion

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to 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.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      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

      Located in Reading Town Centre adjacent to the Broad Street Mall and 0.2 miles from The Oracle Shopping Centre offering riverside dining and leisure amenities.


      There are a number of stores located in both the Oracle Shopping Centre and on Broad Street, including John Lewis, Marks & Spencer, Zara, H&M, Office and Next. Overlooking the Kennett and Avon canal are numerous bars and restaurants such as Nando’s, Las Iguanas, Pizza Express, Yo Sushi! and Cote Brasserie. Further to the west of the site are the more urban areas of Tilehurst and Calcot, where a number of retail outlets can be found including Ikea, Sainsburys, Asda, Waitrose, Next, Dunelm and Porsche. Directly North is the commutable village of Caversham offering more independent retail outlets and restaurants with a close community feel.


      Reading University is 2 miles away with around 20,000 students, a number of schools locally and in the surrounding area all rated good by Ofsted in their most recent inspections.



      Transport

      Reading is well located along the Thames Valley corridor with access to good road networks, including the M$ (east and west), A33 to Basingstoke and the A329 (M) to Bracknell.


      Reading railway station offers extensive services to the north west, including Birmingham, west towards Penzance and the direct services to London Paddington. The Elizabeth ne also offers direct services into central London.


      The nearest airports to Reading are London Heathrow, followed by London Gatwick.


      There is a regular and modern bus network providing access throughout the town, surrounding residential areas and linking the university.

      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