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Retail Property (high street) for sale

Oxford Road, Reading, Berkshire

Guide Price* £160,000

Property Description

Key features

  • SOLD PRIOR TO AUCTION

Full description

Tenure: Leasehold



SOLD PRIOR TO AUCTION - Commercial investment - A self-contained ground floor retail unit being sold subject to an existing lease with a passing rent of £15,000 per annum. Ideal investment.


AUCTION DATE 
To be sold by public auction on Wednesday 13th December 2017 at 1:30pm at Green Park Conference Centre, 100 Longwater Avenue, Green Park, Reading, Berkshire, RG2 6GP

TO VIEW 
The property is sold as a let investment and due to clauses in the tenants lease, internal viewings will not be possible.

LOCATION 
* Close to town centre * Retail shopping parade * M4 access at junctions 10, 11 & 12

DESCRIPTION 
* Investment opportunity * Let on a Repairing Lease * Retail use

ACCOMMODATION 
Retail shop unit with A5:Hot Food Take-away use

EPC RATING 
E

TENANCY 
Let on a 20 year lease from 23rd May 2017 for an initial rent of £15,000 per annum. Further rent reviews due in years 2020, 2025, 2030, 2035 and the last day of the contractual term.

TENURE 
Long leasehold 999 years from 25th December 2006

LOCAL AUTHORITY 
Reading Borough Council - 0118 937 3787

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 this information, a link to the Legal Pack will be available on our website www.romans.co.uk from Monday 9th October.

ADDITIONAL FEES 
A buyers charge is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.

GUIDE PRICES 
Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.

Energy Performance Certificate (EPC) graphs

Nearest stations

  • Reading West (0.4 mi)
  • Reading (0.5 mi)
  • Tilehurst (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Romans Auction, Auctions

Romans Auctions, 23 Market Place, Wokingham, Berkshire, RG40 1AP

0118 453 0353 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Reading West (0.4 mi)
  • Reading (0.5 mi)
  • Tilehurst (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Romans Auction, Auctions

Romans Auctions, 23 Market Place, Wokingham, Berkshire, RG40 1AP

0118 453 0353 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference AUC170159. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Romans Auction, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Romans Auction, Auctions on 0800 093 9994.


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