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    Key features

    • Moved to 8th October auction due to receiving legal pack late
    • Resolution to grant for 30 apartments and 1 commercial unit
    • Potential to renegotiate the s106/affordable housing requirements (subject to negotiation)
    • Site extends to approx. 0.2 acres (0.09 hectares).
    • Asset management potential to let out in its current use
    • We have been advised in its current use that the ERV is £120,000 p.a.
    • Residential units total circa GIA 20,130 sq. ft. (1,870 sq. m).
    • commercial unit total GIA 1.435 sq. ft. (125 sq. m).
    • Exiting building an approx. 6,361 sq ft
    • Potential to retain the exiting building and convert to residential (subject to the requisite consents)

    Description

    The Curzon Club is located to the west of Reading town and well positioned for local amenities and transport links. With two railway stations (Reading and Reading West) located within a reasonable walking distance the property, and frequent bus services, the property offers good connections to Reading and surrounding towns.

    The site extends to approximately 0.2 acres (0.09 hectares) and is relatively square in shape, and comprises existing three storey commercial building and car parking for several cars. The current property has historically been used as a private members club and for hosting events.

    Surrounding the site is a mix of residential and commercial areas, with the site providing access from the Oxford Road to the south. Tesco Extra can be found to the north which provides additional amenities such as Costa Coffee, Vision Express, in-store pharmacy and a petrol station. The Battle Public Library can be found less than approximately 100 meters to the west of the site. Further restaurants, takeaways and independent businesses are found within close proximity.

    Additional information

    Tenure

    Freehold

    Accommodation

    Comprising over three floors with a Gross External Area of approximately 6,361 sq. ft. (591 sq. m).

    Parking for four vehicles and out buildings which have been used for storage.

    Ground floor accommodation comprises two main bars, kitchen, toilets and storage.

    The first floor staff room, additional kitchen and further rooms for storage.

    The second floor provides living accommodation which includes a kitchen, family bathroom and three bedrooms.

    Subject to the necessary planning consents, the property could provide an opportunity to convert the existing building to residential accommodation or a mixed use scheme.

    Tenancy

    Vacant

    Planning

    Reading Borough council

    Planning ref: 221345


    On 6th December 2023, the site gained resolution to grant (subject to the S106 agreement) for the demolition of the existing buildings and erection of a building of up to five storeys containing 30 flats , ground floor retail space and associated parking

    The proposed development also benefits from 15 residents parking spaces, with one accessible space, features 52.4sq. m. of community roof gardens, and has incorporated wild garden green roof space and photovoltanics panels.

    The commercial unit has a GIA of 125sq. m. and is well located in an areas which has a number of well known retailed and independent stores.

    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.

      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

      Reading town centre is located approximately 1.1 miles to the east of the Curzon Club and offers an excellent shopping and leisure experience. 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.

      There are a number of schools locally and in the surrounding area, including Wilson Primary School, Ranikhet Academy, King’s Academy Prospect - all rated good by Ofsted in their most recent inspections. In central Reading there are two well respected grammar schools, Kendrick School for girls, and Reading School for boys.

      Close to the site are several parks including, West Village Park circa 150 metres to the North West and Kensington Park circa 230 metres to the South. Approximately 1 mile to the South is Prospect Park, Readings Largest open space which offers views across the Kennet Valley. The park offers a number of sporting facilities with tennis courts, football pitches, and a children's park. Also located in the park is a Harvester restaurant. Further west in Calcot is the Calcot Park Gold Course which offers an 18 hole, Par 70 course.

      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.

      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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