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Agent's details

Property agent
William Baker

Royal Albion, 642 Oxford Road, RG30

For sale: £650,000.00|0.37 Acre|Pubs/Bars/Clubs, Licensed & Leisure

Property details

FOR SALE£650,000.00
SIZE0.37 Acre
ADDRESSRoyal Albion, 642 Oxford Road, Reading, RG30 1EH
TYPEPubs/Bars/Clubs, Licensed & Leisure
TENUREUnder Offer, For Sale Freehold
POSTED ON5th March 2024

Description

Key Points

  • Guide price is £650,000 + VAT
  • Prominent roadside public house fronting A329 (Oxford Road) point...
  • For sale with vacant possession
  • Excellent transport links into London Paddington in under 37 minutes
  • Large car park for 26 vehicles
  • Benefits from a good-size trade garden
  • Alternate use potential subject to obtaining the necessary consents
  • Gross External Area of approximately 3,353 square feet and sits on a plot size of 0.37 acres
  • Summary

    Prominent freehold available with vacant possession

    Description

    The Royal Albion is a two storey detached property of brick construction with part rendered and painted elevations beneath a pitched roof with valley. There is single storey extensions to the side and rear.

    The ground floor trading area is styled traditionally throughout and comprises; open plan bar and restaurant area for c.53 covers with an additional 8 covers at the main bar.

    Ancillary trade areas include customer W/C’s including disabled, good sized catering kitchen and a basement which includes a cooled beer cellarage.

    The private accommodation is situated on the first floor and comprises; 3 /4 double bedrooms, office, kitchen, utility room and a family bathroom.

    Externally there is a good-sized beer garden to the side and rear of the property for circa 60 covers. The property benefits from a large car park for 26 vehicles including two disabled.

    Location

    Reading is a historic town located in Berkshire situated in Thames Valley approximately 40 miles west of London. The Royal Albion occupies a prominent roadside position fronting the A329 (Oxford Road) and is surrounded by mixture of both residential dwellings and commercial amenities.

    Oxford Road has always been one of the main routes leading west from Reading’s medieval town centre towards Pangbourne and Oxford. The area is well connected with Reading West Station located 0.4 miles distant providing direct links to London Paddington in 30 minutes.

    Tenure

    The property is held freehold (Title Number BK386893) and is to be sold with vacant possession.

    Rateable Value

    The property has a current rateable value of £27,900.

    EPC

    The property current has an EPC rating of 86-D.

    Planning

    The property is not listed is not situated within a Conservation Area.

    All other queries relating to planning should be directed to the planning department of Reading Borough Council https://www.reading.gov.uk/

    Trading

    The premises are open for trading.

    Terms

    Guide price: £650,000 + VAT.

    Services

    We are verbally advised that all mains services are connected to the property.

    Fixtures and Fittings

    The sale of the property may include trade fixtures and fittings which are in the absolute ownership of the Seller and in situ on completion. Any branded or leased items and any items owned by third parties will be excluded.

    Premises Licence

    The property has been granted a Premises Licence in accordance with the Licensing Act 2003. We understand that the premises is permitted to sell alcohol under the following hours:

    • Monday to Thursday: 11:00 – 24:00
    • Friday and Saturday: 11:00 – 00:30
    • Sunday: 11:00 – 24:00

    Viewings

    The property is currently open and trading and all viewings must be arranged through the sole selling agents Savills.

    VAT

    VAT may be applicable on the sale of this property.

    Money Laundering

    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Location

    marker
    Location: Royal Albion, 642 Oxford Road, Reading, RG30 1EH

    Reading West (0.8 miles)

    Tilehurst (1.3 miles)

    Reading (1.5 miles)

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