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615, Oxford Road, READING, Berkshire, RG30 1HL

9th April 2019
starts 11:00 AM at Grand Connaught Rooms
sold prior
undisclosed

Tenure: Freehold

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By order of the LPA Receivers
Substantial freehold three floor mid terrace building
Arranged as ground floor retail unit and first and second floor self-contained flat
Investment

Location:
The property is situated on Oxford Road close to its junction with Beecham Road. Public transport links include a choice of Reading West or Reading mainline Rail Stations together with a network of local bus service serving the surrounding vicinity. Road links include the A33 together with the M4 Motorway which can be accessed at junction 11. Shopping amenities can be found on Oxford Road with an extensive range of shops, bars and restaurants being found within Reading town centre. Recreational pursuits can be found at Prospect Park found locally.

Description:
Substantial freehold three floor mid terrace building arranged as ground floor retail unit and first and second floor self-contained flat.

Potential:
The upper parts may be suitable for conversion into a number of self-contained flats subject to the necessary planning permissions and consents.

Accommodation:
The auctioneers were unable to inspect the property at the time of going to print although we believe it to comprise the following accommodation: Prospective purchasers must rely upon their own enquiries in this respect.

First and second floor self-contained flat:
Six bedrooms, reception room, kitchen, shower room, separate WC

Tenancy: We have been advised that the flat is let at a rent of £850 per calendar month - Refer to legal documents

EPC Rating: D

Ground floor retail unit:
Open plan retail unit, cellar and garage.

Tenancy: We have been advised that the shop is let at a rent of £900 per calendar month- Refer to legal documents.

EPC Rating: E

Total rent reserved:
£21,000 per annum

To view:
Strictly by arrangement with the auctioneers.









Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus makes every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers’ risk.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 11th April 2019 at 04:51 PM
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