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

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.

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

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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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