April 2023: Tuesday 18 April 2023 - 9:00am
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    Key features

    • Investment let at £18,900 p.a.
    • Ground floor let at £10,500p.a.
    • Upper floor office currently let at £8,400p.a. (The tenant is currently holding over and have suggested they will be vacating on the last day of April 2023 - see documentation in legal pack)
    • Development potential to convert the self contained upper two floors into a 2 bedroom flat (subject to the requisite consents)
    • Future asset management potential
    • Located in an attractive and affluent area
    • No Vat

    Description

    The property is an attractive end of terrace 3 storey property forming part of an established shopping parade. The property comprises of a retail unit on ground floor and office on 1st and 2nd floor. There is a passage to the side which offers access to the upper floors via a separate entrance.

    Nearby occupiers include the Coop, Coral & post office as well as a wide selection of boutique and independent, restaurants, pubs and shops.


    Additional information

    Tenure

    Freehold

    Accommodation

    The property has not been internally inspected by Savills and the below details have been provided by the vendor


    Ground floor - Retail area, Kitchen & W/C - an approx. 53 sqm (569 sq ft)

    First Floor - Office, kitchen, WC - an approx. 42.92 sqm (462 sq ft)

    Second Floor - 2 x offices - an approx. 43.38 sqm (467 sq ft)


    Total area - An approx. 139.3 sqm (1,499 sq ft)


    Tenancy

    23 High Street - Ground floor

    • Let to Sansome and George (Hampshire) Limited
    • Current lease 3 years from 01/11/2021
    • The tenant has verbally expressed to the vendor that they wish to extend their lease
    • Investment let at £10,500 p.a.


    23 High Street - 1st and 2nd floor

    • Let to National Chauffeurs Limited
    • 2 years from 01/09/2018 (The tenant is currently holding over and have suggested they will be vacating on the last day of April 2023 - see documentation in legal pack)
    • Investment let at £8,400 p.a.

    Rent

    £18,000 p.a.

    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

      The property is located on the northern side of the high street and can be found between the junctions of Brewery Court and Crown Lane.

      Theale Station is located an approx. 0.4 miles from the property.

      Transport

      Theale 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