Summary
A copy of an Ordnance Survey Extract Plan accompanying within the particulars of sale shows the approximate boundaries of the property edged in red.
The site is roughly rectangular in shape and is surrounded by both commercial and residential properties.
The property has frontage to Castle Street with an onsite car park for five to six cars to rear.
The property is not listed but does fall within the St Mary’s Butts / Castle Street Conservation Area.
The total site area measures approximately 0.064 acres (0.026 ha), with the existing accommodation totalling 3,351 sq ft (311.33 sq m) NIA (3,949 sq ft GIA).
Internally the specification includes suspended ceilings, air conditioning ceiling mounted cassettes , CAT lighting, x 2 staircases, WCs and kitchen.
The site is being sold with Vacant Possession.
We would refer you to the photographs of the property for further information.
Key Points
Self contained office building with on-site parkingTotal site area of approx. 0.064 acres (0.026 ha)Suitable for a variety of uses including; residential, education, and medical (STP)Benefits from planning permission for 4x 2 bed apartmentsOccupies a central position in Reading town centre within a short walk of the train station, The Oracle Shopping centre and local amenities including the new Heartwood by Raymond Blanc Restaurant which is opposite
Tenure
The property is being sold Freehold with Vacant Possession. The site is owned under the registered Title BK155371.
Services
We understand that all mains gas, electricity, drainage, water and telecoms services are available to connect to the property, although we have not made any enquiries of the respective statutory undertakers. None of the services were tested for the purposes of this valuation and we assume there is an adequate supply for the properties’ current or any future use.
Planning
The property lies within the Local Planning Authority (LPA) of Reading Borough Council.
Planning permission was granted on 20th December 2023 under reference 230061, for "Change of use from offices to residential“ for four residential apartments. The decision notice can be found in the Technical Information Pack.
Additional information regarding the planning consent can be found on the Reading Borough Council Planning Portal - a link to which can be found within the Particulars of Sale document.
In addition, there is scope to convert the property into potentially a higher number of residential units, HMO use, student accommodation, medical surgery/clinic and other uses, subject to the necessary consents.
All available planning, legal and technical information can be found in the data room.
Any planning related queries should be directed to the Local Planning Authority: Reading Borough Council.
VAT
We are advised that the property is not VAT registered.
Anti-Money Laundering Regulations
As a prerequisitee to any sale in accordance with Anti Money Laundering regulations, Haslams Surveyors LLP will undertake ID checks for all successful purchasers.
Legal Costs
Each party to bear their own legal costs.
Method of Sale
Seeking unconditional or subject to planning offers. Please note that the Vendor will not be obligated to accept the highest or any other offer. In order to be able to accurately appraise all offers on a like for like basis, please provide the following information in support of your bid:
- Confirmation of any conditions attached to the offer and the anticipated timescales for satisfying
the conditions;
- Details of any further information required or investigations to be carried out prior to exchange
- Confirmation of your anticipated timescales for exchange and completion of contracts;
- Provide details of how you propose to fund the purchase;
- Specify your proposed exchange deposit and confirm that this will be non-refundable;
- Provide any other information that you feel should be taken into consideration in the assessment of your bid.
Technical Information Pack
A copy of the Information Pack is available to interested parties upon request.
The Information Pack includes:
1. Land Registry Freehold Title and Title Plan
2. Drawings for Consented Scheme
3. Planning Permission
4. EPC
Viewing And All Other Enquiries
All enquiries should be directed to the vendor’s sole agent:
Haslams Surveyors LLP
Apex
Forbury Road
Reading
Berkshire
RG1 1AX
Telephone: 0118 921 1515 (Switchboard)
Email: neilseager@haslams.co.uk or tomholwell@haslams.co.uk
Viewings of the property are strictly by appointment only.
Please note that parties must not enter the property without our prior authority and any inspection of the site is at the prospective purchaser’s risk.
Location
The property is located on Castle Street which lies a short distance to the south west of Reading town centre, and is a short drive from J11 of the M4 Motorway via Reading’s Inner Distribution Road.
Castle Street is located approximately 10 minutes walk to Reading Station with connections to the national rail network and the Elizabeth Line, and is only a few minutes walk from the town centre and The Oracle Shopping Centre.