Freehold Commercial, Residential and Development Opportunity
Comprises former funeral parlour, separately-accessed two-bed apartment, garages and outbuildings
Majority vacant; Apartment let on AST
Development and Change of Use Opportunities (subject to consents)
VAT not applicable
Prestigious residential location close to community arts centre, coffee shops and Post Office
Less than half a mile from Newbury town centre and Railway Station
Lot 19
Auction 9th May 2024
Rent £9,900 per Annum Exclusive plus vacant Ground Floor and Outbuildings
Status Available
Guide* £380,000 - £400,000
Sector Development
Auction Venue Live Streamed Auction
On the Instructions of Dignity Funeral Directors
Property Information
Location
Miles
15 miles north-west of Basingstoke, 17 miles west of Reading
Roads
A34, A339, M4 (Junction 13)
Rail
Newbury Railway Station
Air
London Heathrow Airport
Situation
The property is situated on the south side of Hampton Road, in a predominantly residential location, less than half a mile from Newbury town centre. The property boasts excellent communication links being within close proximity to the A34, M4 (Junction 13) and less than half a mile from Newbury Train Station. Occupiers in Newbury town centre include Marks & Spencer, Tesco Express, Bill's, Nando's, Caffè Nero and Costa.
Tenure
Freehold.
Location
Miles
15 miles north-west of Basingstoke, 17 miles west of Reading
Roads
A34, A339, M4 (Junction 13)
Rail
Newbury Railway Station
Air
London Heathrow Airport
Situation
The property is situated on the south side of Hampton Road, in a predominantly residential location, less than half a mile from Newbury town centre. The property boasts excellent communication links being within close proximity to the A34, M4 (Junction 13) and less than half a mile from Newbury Train Station. Occupiers in Newbury town centre include Marks & Spencer, Tesco Express, Bill's, Nando's, Caffè Nero and Costa.
Tenure
Freehold.
Description
The property comprises a former funeral parlour arranged on the ground floor and a separately-accessed two-bed apartment on first floor, let on an AST. The property benefits from 5 car parking spaces to the front, as well as a series of garages and outbuildings to the rear.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with West Berkshire Council. (www.westberks.gov.uk) (Phone: 01635 551111)
Viewings
There will be one accompanied viewing date on Thursday 2nd May from 10:30am to 12pm. If you would like to inspect, please confirm your attendance with your name and mobile number to henry.john@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a former funeral parlour arranged on the ground floor and a separately-accessed two-bed apartment on first floor, let on an AST. The property benefits from 5 car parking spaces to the front, as well as a series of garages and outbuildings to the rear.
VAT
VAT is not applicable to this lot.
Planning
The property may lend itself to residential conversion, alternative uses and/or redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with West Berkshire Council. (www.westberks.gov.uk) (Phone: 01635 551111)
Viewings
There will be one accompanied viewing date on Thursday 2nd May from 10:30am to 12pm. If you would like to inspect, please confirm your attendance with your name and mobile number to henry.john@acuitus.co.uk
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground
Commercial/Ancillary Garages/Outbuildings (1)
57.00 115.60
(614) (1,244)
VACANT
-
-
First
Residential - 2 bed maisonette
-
-
AN INDIVIDUAL
AST from 11/2019 at £825 pcm
£9,900 (2)
Total Commercial Area
172.60
(1,858)
£9,900
(1) The property also includes a further two-storey detached building which has not been inspected and currently un-occupiable. (2) In respect of the first floor flat, the AST has been in place since 2019, and although the AST contains a provision for an RPI rental increase annually, the Seller confirms this has not been implemented. NB: Please note that there is a restriction on funeral use for this property- please see the legal pack for details.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
