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    Key features

    • Commercial unit investment let £13,752 p.a.
    • ERV rent of the upper flat £1,200 PM (£14,400 PA) Flat previously rented at this level
    • New 15 year lease commencing 25th May 2021
    • Mutual Landlord and Tenant breaks in years 2026 and 3031
    • 3 Bedroom flat in moderate condition
    • Potential to modernise the flat and sell off on a long lease or retain as an investment
    • Please note that the red arrow showing the rough demise of the property is wrong - please refer to the legal pack for the true demise/boundary of the property.

    Description

    A well located 2 storey mixed use property.

    The commercial premise is accessed from the front of the property while the 3 bedroom flat is accessed to side.

    The commercial premise has been let out on a new lease to Berkshire Facilities Management Ltd which offers a commercial cleaning service and has been in operation since 2019.

    The residential flat has previously been let out and will be vacant on completion.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor - Retail unit

    1st floor/ Ground - Entrance Hall, 2 Bedrooms, Living Room, Kitchen, Bathroom W/C

    2nd Floor/Loft - 1 Bedroom


    Tenancy

    20 Norcot Road - Ground Floor - Trading as Berkshire Facilities Management Ltd

    • Let on a 15 year lease from the 25th May 2021
    • Up wards only rent reviews in 2026 and 2031
    • Landlord and tenant mutual breaks in 2026 and 2031

    Rent

    £13,752

    Notes

    Please note the property areas provided are approximate. The photos are for illustrative purposes only and may not reflect the exact boundary and interior of the site. Prospective purchasers must rely upon their own enquiries in this regard.

    This site has not been inspected by Savills


    Please note that the red arrow showing the rough demise of the property is wrong - please refer to the legal pack for the true demise/boundary of the property.

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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.

      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

      Tilehurst Station - Great Western Service with services to Didcot Parkway and London Paddington

      Legal documents

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      EPC rating

      The EPC rating for this property is C

      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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