Detached Office Building Of Approx. 3,900 sq.ft.
The property is located in a small cut-de-sac comprising buildings. Located on the eastern side of the town and adjacent to the ring road of Thame. M40 access at junctions 6 and 7.
Freehold investment for sale comprising a mid-terrace three storey mixed use building in a prominent Reading town centre location
The property occupies a prominent position on the south side of Oxford Road in an established commercial and residential location on the edge of Reading town centre, offering a wide range of shopping and leisure facilities along with Reading Railway Station. Reading Railway Station lies approximately 0.5 miles to the east of the property, providing direct train services to London Paddington and London Waterloo. Reading West Station is also a short distance away and provides services to Basingstoke, Newbury and Reading.
The premises comprise of a three storey mid-terraced building. The ground floor provides a self contained office with front and rear access. The office is split into several rooms and benefits from kitchen and toilet facilities. The accommodation on the first and second floors is accessed independently via Oxford Road. The first floor provides vacant office accommodation and two one bedroom flats. The second floor provides a further one bedroom flat.
The property benefits from Prior Approval for the first floor offices to be converted into a 1 bedroom studio flat.Accommodation
We understand the internal floor areas are as follows:-
| Floor | Accommodation | sq m | sq ft |
| Ground Floor (IPMS3) | Office and ancillary | 98.6 | 1,061 |
| First Floor (IPMS3) | OfficeOfficeFlat 1Flat 3 | 23.416.2 | 252174 |
| Second Floor | Flat 2 | | |
Ground Floor Office – TBC
Flat 1 – F:34
Flat 2 – E:42
Flat 3 – F:33
The property is held by way of Freehold.Tenancies
The ground floor commercial unit is let to the chairman of the Dyslexia Research Trust on a 5 year FRI lease (3 Years Remaining) at £11,260 per annum exclusive. There is a mutual option to break at the end of the third year. The lease has been granted outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954.
The 3 flats are let on Assured Shorthold Tenancy (AST) Agreements producing a total of £29,220 per annum.Legal Costs/VAT
Each party to pay their own legal costs.
The property is not elected for VAT and therefore VAT is not payable on the purchase price.Business Rates
The Rateable Value for the property has been assessed as £11,500 on the ground floor accommodation and £3,300 on the first floor accommodation.Offers
We invite offers in the region of £725,000.Viewing & Further Information
Please contact the sole agent for further information or an appointment to view.
An office building with conversion/development potential available for sale within the popular and sought after village of Theale
The property is situated on the south side of Church Street, in a mixed use location within the popular and sought after village of Theale, Berkshire. It lies within easy walking distance of many local amenities including shops, pubs, a primary school and Theale Railway Station. Reading town centre with its multiple facilities lies approximately 5.5 miles to the north east. From December 2019 the £14.8bn Crossrail service will be departing from Reading twice hourly, providing direct services through the city of London to Shenfield, with Bond Street accessible in under one hour. Crossrail will deliver cutting edge, high capacity trains which will help reduce overcrowding at peak times and provide a cleaner, more environmentally friendly rail service into central London. Junction 12 of the M4 motorway and the A4 lie approximately 1.0 mile to the north east. A copy of an Ordnance Survey Extract Plan can be found within the particulars of sale.
The property comprises a generally level, almost rectangular shaped site which includes a partially attached semi-detached Grade II Listed office building and associated car parking.
The building is planned over four storeys and is of residential appearance. It provides office accommodation throughout of approximately 236.7 sq. m. (2,548 sq. ft.) (NIA).
The property is bordered by residential dwellings at its southern and eastern boundaries, an office building at its western boundary and Church Street at its northern boundary.
The total site area is approximately 0.06 hectares (0.14 acres).
We would refer you to the photographs within the particulars of sale for further information.Tenure
The property will be sold freehold with vacant possession.Services
We are advised that mains electricity, gas, water and drainage services are available in the vicinity for connection to the site. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.Planning
At present, no recent planning applications have been submitted for the development of the site.
However, pre-application advice was sought from the local planning authority in July 2016 (the report can be found in the Technical Information Pack). The report contains positive comments of the suggested conversion to 7x self-contained residential flats with associated car parking.
In October 2004, the property was granted planning consent for a rear extension “to accommodate additional multi-purpose office space/seminar facilities.” We believe the property still benefits from potential to undertake rear extension works, subject to planning.
Any planning related queries should be directed to the Local Planning Authority:
West Berkshire Council
Telephone: 01635 519111
Please refer to the particulars of sale for further details on the Method of Sale.Technical Information Pack
A copy of the Technical Information Pack is accessible via our Data Room. Login details are available upon request.Viewing And All Other Enquiries
Viewings of the property are strictly by appointment only.