Summary
A copy of an Ordnance Survey plan accompanying these particulars of sale shows the approximate boundaries of the property edged in red.
The property comprises of an L-shaped site of 0.61 acres. There is a 1920’s four bedroom detached residential property, with garden and Summerhouse to the south-west of the site which fronts on to the A329 Reading Road. To the rear of the site there is a brick built workshop of approx. 2,000 sq ft with cavity walls, insulated roof, portal concrete frame including underfloor heating. The workshop also provides ancillary staff and WC facilities. The reception area has a pitched tiled roof. The remainder of the site comprises of hardstanding including a large car park to the south east of the property with a small wooden shed located towards the eastern boundary.
There is an assured shorthold tenancy (AST) in place on the four bedroom residential property which expires in October 2020.
We would refer you to the photographs of the property within the particulars of sale for further information.
Key Points
Currently residential and workshop use with large yard/open storagePotential for residential development STPPWould also suit owner occupierUnconditional offers invited
Viewings
All enquiries should be directed to the vendor’s sole agent.
Viewings of the property will be strictly by appointment only.
Tenure
The property’s freehold interest is held under Registered Title No.s BK72092, BK105739, BK357977, BK402931, BK442171. The property will be sold with full vacant possession, excepting the AST above. Alternatively our client would consider a short term leasehold on terms to be agreed.
Asbestos
A very low grade cement based asbestos is present in the workshop roof and a quote of £16,000 has been obtained to demolish and remove the entire workshop.
Contamination
A comprehensive Environmental Report has been commissioned which has detected slight contamination from hydrocarbons at the rear of the workshop. The vendor will take responsibility for its removal and is comfortable with this forming part of the sales contract. Further information is contained within the Technical Information Pack – access to which is available upon request.
Rating
The Rateable Value (RV) for the workshop and hardstanding fenced land is £16,000. The Rating Authority is Wokingham District Council.
VAT
We understand that the property is elected for VAT.
Planning
Planning was obtained under permission F/2012/1086 for 5 x 4 bedroom detached homes and retention of 1920’s residential property. This has now lapsed. Further information is contained within the Technical Information Pack – access to which is available upon request.
Any planning related queries should be directed to the Local Planning Authority:
Wokingham Borough Council
Civic Offices
Shute End
Wokingham
RG40 1BN
Telephone: 0118 974 6000
Web: www.wokingham.gov.uk
Indicative Plans
IIndicative development plans have been drawn up on the following basis:-
B1 BUSINESS / TARDE COUNTER UNITS
5 unit business unit scheme comprising of the following:
- 1 x 2 storey 130 sq m business unit at the entrance to the scheme.
- 2 x ground floor 180 sq m business unit on the site of the existing workshop.
- 2 x ground floor 200 sq m business unit to the south-east of the site.
B1 OFFICES
4 unit office unit scheme comprising of the following:
- 1 x 2 storey 250 sq m office at the entrance to the scheme.
- 1 x 2 storey 350 sq m office unit in the centre of the site.
- 2 x 2 storey 200 sq m office to the south east of the site.
RESIDENTIAL
- Plots 1, 2 & 3 – 3 x 755 sq ft 2 bedroom flats at the entrance to the scheme.
- Plots 4, 5 & 6 – 3 x 1,000 sq ft 3 bedroom houses with gardens in the centre of the site.
- Plots 7-11 – 5 x 850 sq ft 2 bedroom houses with gardens to the south east of the site.
We would refer you to the indicative plans within the particulars of sale for further information.
Access Rights
The title BK105739 includes access rights enjoyed by the adjacent property, 427 Reading Road. Details of the rights enjoyed by 427 Reading Road appear in entry 3 of the Property Register on page 3. In effect the right provides that 427 Reading Road has access rights through the subject property within business hours to their rear car park. The title is provided in the Technical Information Pack.
Covenant
The purchaser will Covenant not to operate the property for van, truck, etc... sales from the site. Details to be agreed during the legal process.
Services
We are advised that mains electricity, gas, water and drainage services are connected to the property. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.
Disposal
Offers in excess of £1.5 million plus VAT are invited for the freehold on an unconditional basis subject to contract only (i.e. not on a Subject to Planning basis). In the event that a number of competitive offers are received, the vendor reserves the right to request ‘best and final’ offers from selected parties.
Technical Information Pack
A copy of the Technical Information Pack can be downloaded from Haslams Surveyors LLP’s website. Please visit www.haslams.co.uk. The Technical Information Pack includes:
- Land Registry Freehold Title and Title Plan and Associated Documents
- Existing Plans & Drone Shots
- Energy Performance Certificates
- Lapsed Planning Consent
- Environmental Report
- Indicative Layout Plans
Energy Performance Asset Rating
429 Reading Road – Workshop – E:104
431 Reading Road – Residential – D:60
Location
The front of the site occupies a prominent position on the A329 Reading Road and the site comprises of a mixed residential and commercial use.
The property offers easy access to the A329(M) which in turn provides access to the M4 at Junction 10. Winnersh Railway Station is a 3 minute walk away and provides a direct connection to London Waterloo, and the site sits on the main bus route between Reading and Bracknell. The major regional conurbation of Reading with its many amenities including The Oracle Shopping Centre and Reading Railway Station lies approximately 4 miles to the east.
In the near future the £14.8 billion Crossrail Service (the Elizabeth Line) will depart from Reading Railway Station twice an hour (four an hour at peak times) providing direct services through to the City of London, with Bond Street accessible in under an 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.
Within close vicinity to the site, there are numerous local amenities including Sainsburys Supermarket, Showcase cinema, Holiday Inn, Premier Inn, Travel Lodge, Virgin Gym, Dinton Pastures Countryside Park, Nivarna Spa, pubs, restaurants and the site also sits within the catchment area for a number of primary and secondary schools.
We would refer you to the location plan within the particulars of sale for further information.