Studio flat for sale

Freehold property being offered for sale by way of informal, non-binding tender. The property has been granted planning permission for the demolition of the former Royal Public House and the erection of a part 5 storey building.Copies of the technical pack are available upon request.Location The property comprising of the old Battle Inn/Royal Public House, occupies a prominent roadside position on the junction of Bedford Road and Oxford Road. It is a mixed use area towards the centre of the major Berkshire town of Reading. The immediate area is currently experiencing significant investment with major development either in progress or in the pipeline. Reading town centre with it multitude of facilities lies approximately 0.5 miles to the east, whilst junction 11 of the M4 motorway lies approximately 3 miles to the south. The property lies approximately 0.5 miles to the south west of Reading mainline train station which provides a direct service into London Waterloo and London Paddington. Within the next 2 years the station will also be connected via Crossrial/Elizabeth Line. These services will depart twice hourly, providing direct services through to the City of London and to Shenfield, with Bond Street accessible within 1 hour.Description A copy of the Ordnance Survey extract plan below shows the approximate boundaries of the property edged in red. The property comprises of the existing 2 storey building. The property is bordered by the Oxford Road to the south, Bedford Road to the West, residential to the North, and commercial to the East.Tenure The property will be sold freehold with full and vacant possession given on completion. Rating The property lies with the administrative authority of Reading Borough Council (the rating authority). Planning The property has been granted planning permission for the "demolition of the former Royal Public House and the erection of a part 5 storey building which would provide a new unit (Use class C3) above the Battle Inn PH, 2 Bedford Road, Reading, Berkshire, RG1 7HS in accordance with the terms of the application, Ref 180876 dated 25th May 2018". Planning was granted on 25th July 2019. All reports, drawings and documents relating to this planning permission are available upon request. The planning permission is subject to Section 106 and Community Infrastructure Levy (CIL) contributions. Accommodation Schedule The consented planning drawings show the following: Plot 1.03 Apartment 1 bed 41.08 sq m Plot 1.04 Apartment 1 bed 39.33 sqm Plot 1.05 Apartment 1 bed 41.79 sqm Plot 2.02 Apartment 2 bed 69.89 sqm Plot 3.02 Apartment 2 bed 68.76 sqm Plot 4.02 Apartment 1 bed 34.58 sqm Additionally there is a ground floor retail unit measuring 106.83 sqm. An opinion in terms of capital and rental values for each unit is available upon request. Affordable Housing No on-site affordable housing is required. Services We are advised that mains electricity, gas, water and drainage services are connected to the property. However, prospective purchasers are advised to make their own independent enquiries of the authorities to verify the capacity and availability of such services. Method of Sale The property is being offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the property from sale or to vary the method of sale at any time without notice. Offers for the freehold interest much to made subject to contract only and net of S106/CIL costs and any other abnormal costs. Any anticipated abnormal costs (including demolition costs) should be accounted and clearly quantified within any offer. All offers must be made in writing and for a fixed sum. Exchange of contracts is to take place with four within four weeks of receipt of the draft sale contract with 10% deposit payable. Completion is to take place within four weeks of exchange of contracts with the full balance of the purchase price payable immediately upon completion of the sale. All offers should be addressed to: Mike Shearn Haslams Estates Agents 159 Friar Street Reading RG1 1HE Email: mike.shearn@haslams.net Technical Pack Copies of the technical pack are available upon request. This includes the following: 1. Ordnance Survey scaled plan 2. Approved Planning Drawings 3. Decision Notice 4. CIL Notice 5. S106 Agreement