October 2021: Tuesday 05 October 2021 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Detached office building conveniently located near the town centre and station in an increasingly popular and rapidly developing area
    • Let to Reading Borough Council on a Tenancy at Will at £40,000 per annum
    • Planning permission for an innovative low energy redevelopment to provide 10 flats and two floors of offices totaling approximately 9,700 sq ft
    • The River Thames, Chiltern Hills and surrounding countryside provides a range of leisure activities

    Description

    A two storey detached office building forming part of a slightly larger rectangular shaped site.

    There is an adjoining car parking area having direct access from North Street.


    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - Offices Gross Internal Area approximately 1,954 sq ft

    First Floor - Offices Gross Internal Area approximately 1,954 sq ft

    Total Gross Internal Area approximately 3,908 sq ft

    Total Site area approximately 3,892 sq ft


    Tenancy

    The property is let to Reading Borough Council on a Tenancy at Will from 20th September 2019 at a rent of £40,000 per annum.


    Planning

    Permission (Application No 191086) was granted by Reading Borough Council subject to finalising the Section 106 agreement for redevelopment of site to provide 295 sqm of office space (Class B1(a)) and 6no.1-bed apartments and 4no. 2-bed apartments (Class C3) including cycle and bin storage.


    The proposed innovative and individual low energy detached building will comprise two floors of office space having a Gross Internal Area of approximately 3,174 sq ft and ten residential apartments ( 6 x one bedroom, 4 x 2 bedroom) having a Gross Internal Area of approximately 9,700 sq ft.

    Rent

    £40,000 per annum
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      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 an important Thames valley retail and commercial centre with a large university population located about 36 miles west of London.

      Situated between the junctions of Weldale Street and Great Knollys Street with North Street off the west side of Caversham Road (A329)

      Reading town centre is conveniently nearby.

      The River Thames, Chiltern Hills and surrounding countryside provides a range of leisure activities.

      Access to the M4 provides good road links into London and to the west.


      Transport

      National Rail - Reading


      Legal documents

      Login to view legal documents

      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.

      Addendums