February 2022: Wednesday 09 February 2022 - 9:30am
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    Key features

    • A two storey mixed use building with two bedroom residential accommodation at first floor
    • Immediate Asset Management Opportunities including re-letting or Change of Use/Development potential
    • Permitted developer application submitted for partial conversion of the ground floor to studio flat (please refer to the planning section below)
    • Potential to create separate front access for residential accommodation (subject to requisite consents) (Please refer to planning section below)
    • Surrounding occupiers include a cost cutter convenience store and local independent established retailers.
    • Forming part of an established shopping parade

    Description

    A two storey mixed use building

    Potential for a rear extension and loft conversion (subject to requisite consent)

    Potential to create separate access for residential accommodation (subject to requisite consents)

    Rear Garden with outbuildings

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor- Shop unit, Store (access to first floor)/ Staff area, Storage, WC,

    First Floor (accessed through existing shop unit)- Reception Room, Two Bedrooms, Kitchen, Bathroom/WC

    Planning

    Planning (app: 220106) has been submitted to Reading borough council for (change of use of rear ground shop from Class E (offices) to C3 (dwelling houses) to comprise 1 new dwelling. prior notification under Class MA, Part 3 of Schedule 2 of the Town and Country Planning (General Permitted Development) Order 2015. A decision is awaited.


    Planning (app: 220079/FUL) has been submitted to Reading borough council for "Various alterations to shopfront and ground floor shop, including replacement entrance to the reconfigured shop and new entrance from the street to serve the existing residential unit above".

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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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      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 near to the junction of Kentwood Hill and Oak Tree Road

      Shopping facilities can be found nearby in Tilehurst and to a further extent in the centre of Reading

      Recreational amenities of Arthur Newbery Park and Mcllroy Park are both easily accessible

      Transport

      National Rail- Tilehurst

      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.

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