152/154 Clifton Road, Wokingham, RG41 1NQ

Lot Image

Auction sale - Monday 17th July 2017

Result:

There were no bids, please refer to Auctioneer

  • Freehold retail & residential investment
  • Further flat sold off with reversion in 68 years
  • Includes a newly refurbished two bedroom flat
  • Producing £31,200 per annum

Addendum

Reference to buyer’s costs in the special conditions should read £1,000 plus VAT and not £2,750 plus VAT as stated.

Details

Location

Summary: Part of a neighbourhood shopping parade in a mainly residential area
Miles: Reading 7 miles, Slough 15 miles
Roads: A329 (Reading Road), A329(M), M4 (junction 10)
Rail: Wokingham railway station

Tenure

Freehold

Planning

Wokingham Borough Council (0118 974 6000) www.wokingham.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

Commercial - Rating 128 Band F
Residential - Rating 52 Band E

Description

A mid terraced two storey building of traditional construction forming part of a shopping parade. The building is arranged as two ground floor hot food takeaway units with ancillary accommodation and two 2 bedroom flats above. One of the flats has been sold off on a long lease and the remaining flat has been newly refurbished. The flats are accessed via an external staircase from the rear car park which provides resident and customer parking.

Address Tenant Floor Use Sq M Sq Ft Lease Terms Rent £ pa
TOTAL £31,200
152 Tahmina Haque Chowdhary t/a Village Curry Ground Hot food takeaway 84.95 914 7 years from 24/10/2016 £12,000
154 Daniel Darei t/a It's Pizza Time Ground Hot food takeaway 29.20 314 7 years from 28/08/2013 £7,500
152A Individual First Residential 2 bedrooms, living room, kitchen, bathroom/WC AST £11,400 (1) (2)
154A Individual First Residential 2 bedrooms (not inspected) 99 years from 25/12/1986 £300
(1) Annual equivalent rent based on £950 pcm
(2) A rent deposit of £1,900 is held

Contact

Seller's solicitor

Harrison Clark Rickerbys

Laura Upshall

0118 945 0157

lupshall@hcrlaw.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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