FOR SALE BY ONLINE AUCTION – 6 WEEKS’ COMPLETION - A vacant mixed use commercial property in a popular location comprising, ground floor retail unit and a self-contained first floor maisonette. The property requires extensive renovation and benefits from permitted change of use to form two 1 bedroom flats on the ground floor and a first floor 2 bedroom duplex flat. Cash buyers or commercial loans only.
Auction date
To be sold by online auction on Friday 26th August 2022, bidding will open at 10.00.
To view
Please call 01344 753120 to arrange an appointment.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
Close to local shops and amenities * Good access to Reading town centre * M4 access at junction 12 * Rail service to London Paddington from Theale and Reading station
Description
* Mixed use commercial unit * Planning permitted to residential * Two new 1 bedroom flats
Accommodation
Comprises:
Ground floor
Open plan retail unit measuring approximately
First floor
Living room, kitchen, bedroom, bathroom
Second floor
Bedroom
EPC rating
First floor flat - D
Planning
Permission was granted by Reading Borough Council on 15 November 2021 for Change of use of Ground Floor from Class E (Commercial, Business and Service) to C3 (dwelling houses) to comprise 2 no. 1-bed flats. Application No: 211401
Tenure
Freehold with vacant possession
Council tax band
A - Reading Borough Council
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty’s Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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