Auction House London

Lot 45

Mixed Use - Commercial Property 

92 & 92A Oxford Road

Reading, Berkshire, RG1 7LJ

Unsold, the last bid was £404,000. Please refer to Auctioneer for Reserve

A Freehold Mid Terrace Building Arranged as a Shop on the Ground and Basement Floors with a Vacant Four Bedroom First & Second Floor Maisonette. Offered with Planning Permission to Extend and Convert the Existing Upper Parts into Two Self-Contained Flats (1 x 2 Bed, 1 x 1 Bed). The Shop is Let Producing £14,000 per annum.

Description

Location

The property occupies a prominent city centre location and forms part of an established parade of shops predominantly occupied by local traders. The open spaces of Kensington Park are within easy reach. Transport links are provided by Reading rail station.

Exterior
The property benefits from a large rear yard.

EPC Rating

D-G

Planning (2nd Column)

Reading Borough Council granted the following planning permission (Ref: 170353) on 26/6/17:
'First floor rear extension and conversion of existing flat on first and second floor to 1 x one bedroom flat and 1 x two bedroom flat'

Viewing Details

Open House Viewings:
Friday 11th May 15:00 - 15:30
Wednesday 16th May 15:00 - 15:30
Friday 18th May 15:00 - 15:30
Wednesday 23rd May 15:00 - 15:30

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
92 Basement
Ground
Storage
Shop Area, Kitchen
Let on a 25 year FRI lease from 14/10/99. Upward only rent reviews every 5 years. £14,000
92A First & Second Reception Room, Four Bedrooms, Kitchen, Bathroom Vacant

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides 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 ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

Enquire NowFinance AvailableStamp Duty CalculatorRegister to Bid
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

Share this lot

Similar Properties

Lot 102

199 Ley Street Ilford, Essex, IG1 4BL

*Sold Prior to auction, for an undisclosed amount

Lot 120

Unit 3 Market Street Morecambe, Lancashire, LA4 5DW

*Withdrawn Prior to Auction

Lot 129

1 Cemetery Road Laceby, Grimsby, South Humberside, DN37 7EP

*Sold after auction for an undisclosed amount

Enquire about 92 & 92A Oxford Road, Reading, Berkshire, RG1 7LJ

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale
  • Register to Bid

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • About Us
  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2024 Auction House London
Registered Address: 5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL Company No. 07048084
Footer Logos