15 High Street, Theale, Reading, Berkshire RG7 5AH

National Online Auction 18th June 2024

Tenanted Dentist, Takeaway & Two Bed Flat – Currently Producing £23,420 per annum.

Not inspected by Auction House, however understood to comprises as follows:-
A mid-terrace two storey building configured as a dentist and a fast-food take-away on the ground floor. The first floor has been converted into a two-bedroom flat.

Dentist
A single door leads through to a hallway which serves both the retail unit and first floor residential flat. A further internal door leads to a reception/consulting area. A partition wall separates a consulting room to the rear with further store and workshop areas to the rear.

Takeaway
Front sales area with serving counter, behind the serving counter, the unit opens out and houses commercial kitchen.
At the rear of this accommodation, is a corridor which provides access into a single WC and rear prep room. A rear door leads out to a concrete covered yard area which is shared with the adjoining unit.

First Floor Flat
Accessed via a central staircase, the first floor at the time of inspection was fitted out as a flat. The first floor contained two double bedrooms, a kitchen/ living room and bathroom.

The property has been measured in accordance with the RICS Code of Measuring Practice (Sixth Edition). Provide the following net internal floor areas:

Ground Abacus Dental Studio 56.76 m2 / 610 sq.ft.
Ground Berkshire Kebab 51.83 m2 / 557 sq.ft.
Total (NIA) 108.59 m2 / 1,167 sq.ft.

Tenure: Freehold
Title number: BK413881
Council Tax Band : B
Local Authority: West Berkshire

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenancies We have been provided with a copy of the occupational lease and sublease for the subject
property, the salient points of which are summarised below:
Lease Date: 01 March 2007
Tenant: Private Individual trading as Abacus Dental Studio.
Demise: 15 High Street Theale
Lease Term: 20-year term.
Passing Rent: £23,420 per annum.
Rent Review: Every fifth anniversary of the commencement date.
Repairs/Insurance: Internal repairing and insuring.

We have been informed that the tenant is in arrears.
Sublease We have also been informed that the takeaway is let by way of a sub-lease, brief details as follows: -

Lease Date: 28 March 2012
Tenant: Private Individual
Demise: Ground Floor takeaway 15, High Street, Theale
Lease Term: 15-year term
Passing Rent: £10,000 per annum
Rent Review: 26 September 2023
Repairs/Insurance: Effective tenant’s full repairing obligations via a service charge
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure: Freehold

EPC Rating: F

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.