0 Bedroom Commercial - Retail in Oxford Road Berkshire

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Commercial - Retail

Oxford Road, Reading, RG1 7UU

Guide Price: £160,000
  • investment
  • investment
  • Key Features

    • FOR SALE BY AUCTION
    • Commercial investment
    • Repairing lease
    • 20 years from 2017
    • Close to town centre
    • Gross yield 9.37%

    Property Description

    FOR SALE BY AUCTION - Commercial investment - A self-contained ground floor retail unit being sold subject to an existing lease with a passing rent of £15,000 per annum.

    AUCTION DATE: To be sold by public auction on Wednesday 13th December 2017 at 1:30pm at Green Park Conference Centre, 100 Longwater Avenue, Green Park, Reading, Berkshire, RG2 6GP

    TO VIEW: The property is sold as a let investment and due to clauses in the tenants lease, internal viewings will not be possible.

    LOCATION: * Close to town centre * Retail shopping parade * M4 access at junctions 10, 11 & 12

    DESCRIPTION: * Investment opportunity * Let on a Repairing Lease * Retail use

    ACCOMMODATION: Retail shop unit with A5:Hot Food Take-away use

    EPC RATING: E

    TENANCY: Let on a 20 year lease from 23rd May 2017 for an initial rent of £15,000 per annum. Further rent reviews due in years 2020, 2025, 2030, 2035 and the last day of the contractual term.

    TENURE: Long leasehold 999 years from 25th December 2006

    LOCAL AUTHORITY: Reading Borough Council - 0118 937 3787

    LEGAL PACK: For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive this information, a link to the Legal Pack will be available on our website www.romans.co.uk from Monday 9th October.

    ADDITIONAL FEES: A buyers charge is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.

    GUIDE PRICES: Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.

  • Location

  • Street View

  • Floorplans

    floorplan
    floorplan
  • Energy Performance Certificate

    EPC
Viewing Times Wokingham
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