July 2021: Wednesday 07 July 2021 - 9:00am
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    Key features

    • A development site with full planning permission for 3 x houses and 3 x flats
    • The houses are 3 bedroom properties with garages and private gardens
    • The flats comprise of 2 x two bedroom properties and a 1 x one bedroom flat. All flats have garden amenity space.
    • Each property has its own off street car parking space
    • Current Passing rent £30,000 from Car wash operator - The current lease has expired and the current tenant is holding over. However there is the potential to negotiate a short extension. This offers the potential purchaser a passing income while they discharge the planning conditions.

    Description

    The existing site contains a a number of garages and a light industrial shed being used as a car wash.


    Planning for the three bedroom houses comprises of a garage and private garden

    Plot 1 - 246 sq m plot size. Total GIA 89.36 sq m

    Plot 2 - 166.39 sq m plot size. Total GIA 92 sq m

    Plot 3 - 165.29 sq m plot size. Total GIA 91.96 sq m


    Planning for 3 flats comprises of:

    Flat 1 - 2 bedrooms ground floor flat with private garden to the rear. Total GIA 70.11 sq m

    Flat 2 - 1 bedroom ground floor with private garden to the front of the property. Total GIA 43.4 sq m

    Flat 3 - 2 bedroom upper maisonette with shared amenity space detached from the property

    Total GIA 117.3 sq m

    Additional information

    Tenure

    Freehold

    Accommodation

    The existing site contains a a number of garages and a light industrial shed being used as a car wash.


    Tenancy

    The car wash operators lease has expired however a new short term lease could be potentially negotiated if the purchaser wishes to do so.

    Planning

    Reading Borough Council, Application No: 200373

    Application type: Full Planning Approval

    Proposal: Erection of part 1.5 storey, part 2.5 storey apartment block comprising 1 x 1 bed flat and 2 x 2 bedroom flats following demolition of existing car sales building

    Application No: 181302

    Application type: Full Planning Approval

    Proposal: Erection of 3 semi-detached dwelling following demolition of the existing garages


    Rent

    Total current rent £30,000 per annum

    Notes

    Please note the site areas provided are approximate. The photos and red line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 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 site is located in West Reading and can be accessed via the Norcot Road located between the junctions of Blundells Road and School Road.

      The site can also be accessed via Lemart Close to the rear which will be the main access once the development is complete.

      Local amenities can be found on Norcot Road and further a field in Reading city centre.

      Tilehurst station is located 0.9 miles away (approximately)

      Transport

      National Rail - Tilehurst Station (Great Western Service with 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.

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