Located close to the Railway station and town centre
May benefit from a change of use (subject to consents)
504.91 sq m (5,435 sq ft) of accommodation
Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee
Lot 34
Auction 16th June 2021
Vacant Possession
Status Sold
Price £425,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Major Fund
Property Information
Location
Miles
8 miles south-west of Henley-on-Thames
25 miles south-east of Oxford
40 miles west of Central London
Roads
A33, A329(M), A404(M), M4
Rail
Reading Railway Station
Air
London Heathrow
Situation
The property is located in a predominantly commercial and residential area on the south side of Abbey square, approximately 500 metres from Reading Railway Station and 400 metres from the town centre. Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee.
Tenure
Long Leasehold. Held for 125 years from 9th July 2009 at a peppercorn rent.
Location
Miles
8 miles south-west of Henley-on-Thames
25 miles south-east of Oxford
40 miles west of Central London
Roads
A33, A329(M), A404(M), M4
Rail
Reading Railway Station
Air
London Heathrow
Situation
The property is located in a predominantly commercial and residential area on the south side of Abbey square, approximately 500 metres from Reading Railway Station and 400 metres from the town centre. Nearby occupiers include Subway, Ryman, Carluccio's, Tesco Express and Costa Coffee.
Tenure
Long Leasehold. Held for 125 years from 9th July 2009 at a peppercorn rent.
Description
The property comprises retail/restaurant accommodation on the ground and lower ground floor of a larger building. The accommodation is currently fitted out to a shell specification with no lift or staircase linking the two floors. However, there is a lift shaft and by installing an internal staircase the two floors are capable of being connected. Whilst residential accommodation sits immediately above, the unit also forms part of the larger Blade Office development area (www.thebladereading.com).
The property, benefiting from views to the rear across a small terrace area adjoining a river, may be suitable for several different uses including restaurant, café, gym or office (subject to consents) and is capable of further subdivision.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D. See legal pack.
Description
The property comprises retail/restaurant accommodation on the ground and lower ground floor of a larger building. The accommodation is currently fitted out to a shell specification with no lift or staircase linking the two floors. However, there is a lift shaft and by installing an internal staircase the two floors are capable of being connected. Whilst residential accommodation sits immediately above, the unit also forms part of the larger Blade Office development area (www.thebladereading.com).
The property, benefiting from views to the rear across a small terrace area adjoining a river, may be suitable for several different uses including restaurant, café, gym or office (subject to consents) and is capable of further subdivision.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D. See legal pack.
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas (Approx)
Tenant
Ground Lower Ground
Retail/A3 Retail/A3
209.95 sq m 294.96 sq m
(2,260 sq ft) (3,175 sq ft)
VACANT POSSESSION
Total
504.91 sq m
(5,435 sq ft)
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.
