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    Key features

    • Investment let at £18,125 p.a.
    • Planning permission approved for 2 dwellings on the upper floors (a two bed and three bed flat)
    • Located in the affluent and prosperous town of Hungerford.
    • An Approx. 3,709 sq ft (344.58 sqm)
    • Nearby occupiers include Royal Mail, Inklings, Coffee Number 1, Co-op and Tesco
    • Let to Boots UK limited - current tenant has been in occupation since 1995
    • There are no CIL contributions or any other planning conditions to approved planning
    • The vendor has received email confirmation from Boots that they intend to renew the lease on a reduced demise. New lease plan in key documents
    • No VAT

    Description

    The property comprises of a three storey, brick built building in the heart of Hungerford High Street. With ground floor retail space, first and second floor ancillary space. Previously the first and second floors would have been living accommodations.

    The retail premises are open plan and include air conditioning, strip lighting, and vinyl flooring. There is a goods' lift serving the ground and first floors of the property.

    The first floor is accessible from either the High Street leading through a doorway to an external metal staircase or from the rear of the shop via a timber staircase to a long corridor leading into the same first floor space. The first floor currently includes a staff room to the front, a separate staff area/changing area behind, two WC's and a rear room currently partly used as a stockholding area for the retail property. The second floor is only accessed via the external metal staircase which has been unused for a number of years.

    The property has approved planning permission to convert the upper floors into 2 dwellings

    Proposed accommodation

    First Floor - 3 Bedroom flat an approx. 796 sq ft (74 sqm)

    Second Floor - 2 Bedroom Flat an approx. 731 sq ft (68 sqm)

    There are current discussions with the tenant which would release all of the area required for the residential conversion (planning granted) by implementing the approved storage area extension on the rear 1st floor flat roof 

    There is approved planning permission for an extension of the 1st floor to provide additional commercial floor space and WC accommodation for the existing tenant.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to Accommodation/Tenancy schedule

    Tenancy

    Please refer to Accommodation/Tenancy schedule

    Planning

    West Berkshire Council

    Planning ref: 23/01175/PACOU

    Description: Application to determine if prior approval is required for a proposed: Prior Notification requirement under Part G of the GPDO for the change of use of the upper two floors from ancillary retail space (Class E) to form 2 apartments.


    Planning ref: 23/02837/FUL

    Description: Retention (with materials modification) and extension of first floor rear for use as commercial storage

    Rent

    £18,125 p.a.

    Notes

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


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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.

      Accommodation / Tenancy Schedule

      Local information

      The property occupies a prominent location at the heart of Hungerford high street. Nearby occupiers include Royal Mail, Inklings, Coffee Number 1, Co-op and Tesco.

      Hungerford Station is an approx. 0.2 miles from the property

      Transport

      Hungerford Station - National rail services

      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