Summary
The site of approximately 4.25 acres comprises 2 detached buildings. The first of these buildings being the tenpin bowling club and children’s soft area measuring approximately 37,000 sq ft and 10 meters high – 5 metres per floor. The second building being a residential dwelling called Moorstream Cottage of approximately 3,300 sq ft. The buildings are in the main constructed of brickwork with steel frames and concrete floors. The site is on water mains with access to gas and parking for 180 cars.
Key Points
Available freehold with vacant possessionOf interest to developers and owner occupiers Potential redevelopment options include industrial, warehouse, retail, residential, leisure, care, place of worship, community use etc., subject to planning
Flood Map
The northern part of the Site (and access to Lower Road) is within Flood Zone 1 (as land at least risk of flooding); the larger central part of the Site lies within Flood Zone 2; with the southern part in Flood Zone 3.
Access Rights
There are no limitations on accessing the property off Lower Way. The Reading and District Angling Association (RDAA) have rights to access the lake. A member of RDAA owns the lake under separate title. The RDAA has vehicular and pedestrian access rights to the lake from Lower Way.
Tenure
The freehold of the 4.25 acres is being offered for sale. The property is held in 3 titles and currently held within 2 separate business entities, so will be sold as 2 transactions..
Business Rates
The property has been removed from the rating list.
Energy Performance Certificate (EPC)
Leisure Centre Rating: E:118
Moorstream Cottage Rating (TBC)
Services
We understand that mains electricity, drainage, gas and water services are either connected to the property or are available for connection in its vicinity. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.
Planning
The site is an established brownfield land site that has been used for leisure related uses and employment purposes for many years.
Please refer to the Particulars of Sale for full planning information.
Method of Sale
The freehold is being offered for sale via private treaty. Preference is for unconditional offers (i.e. NOT subject to planning)
Technical Information Pack
A copy of the technical information pack is available to interested parties upon request.
Viewing and All Other Enquiries
All enquiries should be directed to the vendor’s joint sole agents.
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 to the south of Lower Way, Newbury. The road provides direct access to the A4 through to Newbury with the M4 and Reading to the east and the A34 to the west.
Opposite the site to the north is all residential dwellings. To the east of the site is light industrial comprising of a café, florist and Runnerbean coffee company. To the south is a gravel pit lake/pond and to the west is farmland. Two sections either side of the lake are included in the title. Without these, the site is just over 3 acres which is in effect the “net developable area”.