Attractive commuter village on the Oxfordshire and Berkshire border
Adjacent to Goring Shopping Arcade
Let on a new 25 year lease expiring 2044 (no breaks)
VAT-free investment
Lot 14
Auction 11th December 2019
Rent £32,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
4 miles north of Pangbourne
9 miles north-east of Reading
18 miles south of Oxford
50 miles west of London
Roads
A34, A417, M4
Rail
Goring & Streatley (approx 60 minutes to London Paddington via Reading)
Air
London Heathrow & Gatwick airports
Situation
Goring-on-Thames on the Oxfordshire and Berkshire border is located 9 miles north-east of Reading and 18 miles south of Oxford. The town benefits from good transport communications, being located between the M40 and M4 with Goring & Streatley railway station providing journey times to London Paddington via Reading of 60 minutes. The property is located on the south side of High Street, close to its junction with Cleeve Road, 450 metres west of the railway station and 400 metres east of the River Thames. The village's main car park is located 60 metres to the south of the property. There are a number of independent shops, cafés and restaurants nearby.
Tenure
Freehold.
Location
Miles
4 miles north of Pangbourne
9 miles north-east of Reading
18 miles south of Oxford
50 miles west of London
Roads
A34, A417, M4
Rail
Goring & Streatley (approx 60 minutes to London Paddington via Reading)
Air
London Heathrow & Gatwick airports
Situation
Goring-on-Thames on the Oxfordshire and Berkshire border is located 9 miles north-east of Reading and 18 miles south of Oxford. The town benefits from good transport communications, being located between the M40 and M4 with Goring & Streatley railway station providing journey times to London Paddington via Reading of 60 minutes. The property is located on the south side of High Street, close to its junction with Cleeve Road, 450 metres west of the railway station and 400 metres east of the River Thames. The village's main car park is located 60 metres to the south of the property. There are a number of independent shops, cafés and restaurants nearby.
Tenure
Freehold.
Description
The property comprises a recently fitted out ground floor shop with a self-contained two bedroom flat above. The ground floor comprises a fish & chip takeaway and a separate taxi office.
VAT
VAT is not applicable to this lot.
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises a recently fitted out ground floor shop with a self-contained two bedroom flat above. The ground floor comprises a fish & chip takeaway and a separate taxi office.
VAT
VAT is not applicable to this lot.
EPC
See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Retail Residential
108 sq m 2 bedroom flat
(1,165 sq ft)
INDIVIDUAL t/a Riverside Fish & Chips plus a taxi office
25 years from 17/01/2019 expiring 16/01/2044 on a full repairing and insuring lease
£32,000 (1) (2)
17/01/2023 and 4 yearly
Total
108 sq m plus 2 bedroom flat
(1,165 sq ft)
£32,000
(1) Passing rent £30,000 rising to £32,000 from 17/01/2020. The seller has agreed to adjust completion monies so the unit will effectively produce £32,000 pa from completion of the sale. (2) Rent deposit of £10,000 held.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
Harrison Clark Rickerbys Limited Suite 24, 100 Longwater Avenue, Greenpark Reading RG2 6GP
