October 2021: Tuesday 05 October 2021 - 9:00am
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    Key features

    • Entire building Investment let at £32,000 per annum to one tenant
    • Let on a FR&I lease on 25 years from 2019 (no tenant breaks)
    • No rent arrears (tenant has been paying through out the Covid lockdowns)
    • Located in a affluent and picturesque village of Goring, Berkshire
    • Rent review in 2023 and every 4 years after

    Description

    The property is arranged as retail unit (trading as a chip shop) and taxi office on the ground floor and a 2 bedroom flat located on the 1st floor. The self contained flat is accessed via the rear.

    Nearby occupiers includes Lloyds Pharmacy and McColl’s as well as a range of well supported and established independent retailers, cafes and restaurants.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Restaurant/Takeaway, approx. 850 sq ft

    Ground Floor - Taxi Office - approx. 305 sq ft

    First Floor - Two Bedroom self contained flat. Comprising of 2 Bedrooms, Living Room, Kitchen and WC - approx. 1,165 sq ft


    Tenancy

    Trading as Goring Diner

    • Entire building let to Md A. Hassan (Operating the Fish & Chips shop and Taxi Office) on 25 years from 17.01.2019 to the 16.01.2044
    • Let on a Full Repairing & Insuring Lease
    • Contracted out . s24–28 of L & T Act 1954
    • Rent review in 2023 and every 4 years after
    • Investment Let at £32,000 per annum

    The tenant is subletting the self-contained flat to other tenants


    Planning

    South Oxfordshire District Council

    Planning Permission was granted on 16th October 2020 by for ‘Change of Use of part A5 user class (Hot Food Takeaway) to A3 user class (Restaurant)’ – Ref: P20/S2373/FUL.

    The tenant is currently in the process of creating the dining/seating area


    Rent

    Total current rent £32,000 per annum
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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

      The property is located between the the junctions of Manor Road and Cleeve Road.

      Goring is an affluent and picturesque town located in Berkshire

      Goring & Streatley Station is located approximately 0.3 miles from the property

      Transport

      National Rail - Goring & Streatley Station (Great Western Railway services to Didcot Parkway and London Paddington)

      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