8 November 2022: Tuesday 08 November 2022 - 9:00am
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    Key features

    • Substantial building in town centre
    • Comprises approximately 298.30 sq m (3,210 sq ft) over ground, basement, first, second and third floors
    • Change of Use/Development Opportunity (subject to necessary consents)
    • Nearby retailers include Primark, John Lewis, Dr Martens, itsu, Watches of Switzerland, Greggs and Whistles
    • Vacant

    Description

    The property comprises a four storey building currently arranged as part of a former bank on the ground floor with ancillary accommodation on the basement, first, second and third floors. Please note that there is currently NO access to the upper floors or basement.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by a third party


    Ground - Banking Hall - 73.90 sq m (795 sq ft)

    Basement - Ancillary - 55.75 sq m (600 sq ft)

    First - Ancillary - 57.60 sq m (620 sq ft)

    Second - Ancillary - 63.20 sq m (680 sq ft)

    Third - Ancillary - 47.85 sq m (515 sq ft)


    Total - 298.30 sq m (3,210 sq ft)

    Tenancy

    Vacant Possession.


    Planning

    The property may be suitable for change of use/development opportunities subject to the necessary consents. For further enquiries please contact Reading Borough Council (www.planning.reading.gov.uk/).


    Rent

    Vacant

    Notes

    This property is being marketed for sale on behalf of Kevin Mersh and Matthew Nagle as Joint Fixed Charge Receivers. No warranties or guarantees in any respect can be given. The property will be sold with no title guarantee and no covenants for title. The information in these particulars has been provided by the joint fixed charge receivers to the best of their knowledge based upon information obtained from third parties, but the purchaser must rely solely upon their own enquiries.

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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 is a popular London commuter town approximately 17 miles east of Newbury, 17 miles west of Windsor and 40 miles west of London. The property is located in a prominent position on the east side of Queen Victoria Street, close to it's junction with Broad Street. Nearby occupiers include Primark, John Lewis, Dr Martens, itsu, Watches of Switzerland, Greggs and Whistles

      Transport

      17 miles east of Newbury, 17 miles west of Windsor and 40 miles west of London

      Train - Reading Station (CrossCountry, Elizabeth Line, GWR & SWR)


      Legal documents

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      EPC rating

      The EPC rating for this property is E

      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