Caversham Court, Church Road, Reading, RG4 7AD

Description
The site provides a trio of period Grade II listed red brick buildings arranged in a horseshoe to create a modest courtyard leading to a small driveway accessed from Church Road.

The main building is arranged over two storeys and positioned in the middle of the site. The space (previously offices) is finished with a mix of vinyl and carpeted flooring, painted plaster walls, perimeter trunking, electric heaters, single glazing, painted wood board ceiling and flush fluorescent lighting.

The first floor comprises of open plan office space across the entire width of the building. In addition there is a small kitchen and male and female WC’s.
There are fire and intruder alarms in place.

Viewings
Strictly by block viewing appointment through the sole agents on the following dates;
Tuesday 20th July 11:30am-1:30pm
Wednesday 28th July 2pm-4pm
Friday 30th July 10am-12pm

We will be arranging further viewings so please be in touch if you'd like to inspect.

Marketing to 17th September 2021.

Location
The Property is situated approximately 1.5 miles North of Reading town centre.

Located on Church Road, in the heart of Caversham, the property sits adjacent to Caversham Court Gardens along the north bank of the River Thames.

Church Road runs North West to Caversham Heath and South East to Caversham Road further connecting to the A329 allowing easy access to the A33 and J11 of the M4.

Reading mainline station offers frequent direct travel to London Paddington within 25 minutes.

Terms
999 Year Long Leasehold (Virtual Freehold)

Offer Detail
The property is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the property from sale or to vary the method of sale at any time without notice.

Unconditional Offers Preferred
If an unconditional offer is accepted, completion is to take place within four weeks from exchange of contracts with a 10% deposit payable on exchange and the full balance of the purchase price payable immediately upon completion of the sale.

Conditional (Subject to Planning) Offers
All conditional (subject to planning) offers must be made net of any anticipated abnormal costs associated with the redevelopment of the property. Any anticipated abnormal costs should be clearly quantified in the offer letters.

If a conditional offer is accepted, a 10% deposit will be payable upon exchange of contracts with completion to take place within four weeks of the grant of planning permission with the full balance of the purchase price payable immediately upon completion of the sale.

All conditional offers should include at least:
a. Planning Strategy. Full details of the purchaser’s proposed development scheme including the number, type and mix of units, together with an indicative layout plan.
b. Anticipated timescales of application submission.
c. Contingency offer and justifications should the initial application be rejected.

Purchase Offer
1) Purchaser - Offers must state the precise legal identity and address of the bidding party and its professional advisers.
2) Finance - Confirmation of funding source and any debt to be utilised (Any other financial conditions attaching to the bid such as whether loan or bank funding is required or confirmed).
3) Offer - Your offer stated in figures and words. Please be aware that the property***is or not elected for VAT. All offers must state a fixed purchase price and whether any overage is offered.
4) Deposit - Confirmation that a 10% deposit will be paid by the purchaser upon exchange of contracts.
5) Due Diligence - Please confirm the extent of due diligence undertaken.
6) Exchange of Contracts - Confirmation of your ability to exchange contracts within 15 working days of receipt of full legal documentation from the vendor’s solicitor.
7) Conditions - Please confirm whether any conditions apply to your offer.
8) Solicitors - Please confirm the details of your solicitor.

Leasehold Offer
If you are looking to rent the property, all offers should include:
1. Company Name – Registered trading name of the company who’ll be signing the lease
2. Rent - £xx per sq ft
3. Lease Length – Number of years you are looking to rent the property, the Council is looking for a minimum 10 year lease length.
4. Permitted Use – Confirmation what Use Class the company signing the lease falls under of the Town & Country (Use Classes) Order 1987.
5. Tenant’s Initial Works – Please confirm with details and timing
6. Accounts – Please provide the company’s last 3 years audited accounts so the Council can decide how much rent deposit is required.
7. Solicitors – Please confirm the details of your solicitors

Written offers for the property are invited by 12 noon on Friday 17th September 2021.
Offers to be submitted electronically to:

I am here to talk it through.

Thanks and Kind Regards
James