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    Key features

    • To be offered on Wednesday 25 November
    • A freehold terraced property
    • Ground floor retail unit trading as a beauticians let on a commercial lease
    • Vacant ground floor upper parts with separate access to the front
    • Plans drawn up for uppers to be converted into two flats
    • Benefitting from rear garden
    • Development potential subject to consents)
    • Asset management potential to fully let the property
    • Upper parts previously let as office space for £12,000 p.a.
    • Total internal area approx. 1,776 sq ft (165 sq m)
    • Investment let £10,200 p.a. + vacant upper parts

    Description

    A freehold terraced property comprising a ground floor retail unit trading as a beauticians aswell as vacant upper parts with separate access and plans drawn up for conversion into two flats.

    Investment let £10,200 p.a. + vacant upper parts

    Additional information

    Tenure

    Freehold

    Accommodation

    16 Norcot Road - Ground floor Retail Unit - Approx. 441 sq ft (41 sq m)

    16a Norcot Road - Part of Ground floor and upper parts with access - Approx. 1,335 sq ft (124 sq m)

    Total Area - Approx. 1,776 sq ft (165 sq m)

    Tenancy

    16 Norcot Road - Ground floor retail unit let on a XX year lease expiring XXXX to a private individual t/a Margo Aesthetics at £10,200 per annum.

    16a Norcot Road - Part of the ground floor and full upper parts - Vacant

    Rent

    £10,200 p.a. + vacant upper parts

    Notes

    Please note the site areas provided are approximate. 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.

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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

      The property is situated on Norcot Road, Tilehurst, within an established residential and commercial area of Reading. The location benefits from a range of local shops, cafés and amenities within walking distance, with Reading town centre also easily accessible.

      Transport

      The property benefits from good transport connections, with regular bus services along Norcot Road providing access into Reading town centre. Reading West and Tilehurst railway stations are within easy reach, while Junction 12 of the M4 provides convenient road connections across the wider region.

      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.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •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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