Cutbush Lane West, Shinfield, Reading

Acting under instructions of the Administrators of the estate of the owner is this delightful detached property standing on a total plot of 1.26 acres (0.5 hectare). The home offers the opportunity for refurbishment and or redevelopment, subject to obtain the relevant planning consents. Set behind a gated driveway and lawned gardens that incorporate an area of light woodland to the rear boundary. The 3 bedroom property offers a Gross Internal Area (inc. garage) of 1883 sq ft. Situated in the village of Shinfield approximately 5.5 miles to the south of Reading. The area is well-served with local village amenities, business parks and transport links with Junction 11 M4 access within 1.3 miles. The property will be sold on either a conditional or unconditional basis by way of informal, non-binding tender. Written offers are requested by midday Thursday 26th June 2025.

Garden - The property stands on a total plot of 1.24 acres (0.50 hectare) and incorporates lawned gardens with shrub beds and fruit trees with an area of light woodland to the far southern boundary. There are a number of timber storage sheds located on the eastern boundary. At the rear of the double garage is a brick built store accessed from the garden.

Additional Information: - Parking
The property has a gated gravel driveway with parking for multiple vehicles with a detached double garage.


Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas central heating


Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

There is a Tree Preservation Order on the oak tree in the front garden. For further information please check the TPO register at Wokingham Borough Council

Legal Tenure: The freehold title i sregistered under two titles BK505016 and BK122007

Fees And Expenses - Fees and Expenses:
Bidders will be required to pay (by way of a solicitor’s undertaking):
1.In all cases- £3,500 plus VAT for fees and also expenses of up to £50 plus VAT for the sellers’ legal work up to exchange of contracts, payable whether the matter exchanges contracts or not.
2.In the case of a bid on a ‘conditional on planning’ basis - £4,000 plus VAT for property agents’ fees, payable whether the matter exchanges contracts or not.
3.All reasonable and proper professional fees incurred by the Seller in connection with any statutory utility or planning agreement to be entered into at the request of the bidder to secure planning permission for the development of the Property.

Conditional (Subject To Planning) Offers - All conditional (subject to planning) offers must be made net of anticipated S106/CIL costs and other anticipated abnormal costs associated with the development of the site. 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 eight 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:
1.Full details of the purchaser’s proposed development scheme including the number, type and mix of units, together with an indicative layout plan.
2.The purchaser’s S106 and CIL cost calculations.
3. The purchaser’s proposed affordable housing provision if applicable.
4.The purchaser’s proposed timetable and strategy for achieving planning permission.
5. Bidders are invited to propose a non-returnable and non-deductible deposit or premium to compensate the sellers for the freezing of their asset, and to compensate for asset holding costs.
6. Confirmation that the purchaser agrees to pay the stated fees and expenses above by way of a solicitors undertaking

Conditional offers submitted without the supporting information and confirmation of the fees and expenses requested in 1-6 above will not be considered.
All offers should state whether they are submitted with or without board approval if applicable and whether they are dependent on bank or similar finance being available. Proof of available funds must be provided.

Unconditional (Subject To Contract Only) Offers - If an unconditional offer is accepted, completion is to take place within four weeks of exchange of contracts with 10% payable on exchange and the full balance of the purchase price payable immediately upon completion of the sale. Bidders on an unconditional basis will be required to pay a 10% deposit on exchange of contracts, and bidders on a planning-conditional deal will be required do so when a sale becomes unconditional.

All unconditional offers should include at least:
1.Evidence of funds
2.Proposed completion date
3.Confirmation by way of a solicitors undertaking of payment of the fees of £3,500 plus VAT and also expenses of up to £50 plus VAT for the sellers’ legal work up to exchange of contracts, payable whether the matter exchanges contracts or not

Unconditional offers submitted without the supporting information and confirmation of the information in 1-3 above will not be considered

Method Of Sale - Method of Sale
The freehold interest is offered for sale on either a conditional or unconditional basis by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer. The vendor also reserves the right to withdraw the property from sale or to vary the method of sale at any time without notice.

Written offers are invited by midday Monday 23rd June 2025.
All offers should be marked “2 Cutbush Lane- Offer to Purchase” and addressed to:
Mr Paul Hayhow of Haslams Estate Agents, 159 Friar Street, Reading, Berks RG1 1HE