Studio flat for sale

For Sale by Modern Method Auction. This corner plot in a prime Central Caversham location offers a superb opportunity to purchase a mixed use investment or business premises with incorporated living accommodation. Occupying the corner of Hemdean Road and Oxford St the property consists of a ground floor commercial unit with a one bedroom split level apartment above. The commercial unit, which is now vacant, recently operated as a restaurant and was a previously a hairdressers salon for many years and has opportunity for a variety of business uses or conversion back to residential accommodation with the appropriate planning consents. The apartment above is accessed from its own front door on Oxford Street and occupies the top two floors of the building. The apartment is currently let at a monthly rental of £1100 and comprises of a lounge/diner with dual aspect windows, kitchen and shower room on the first floor and a double bedroom on the top floor. The commercial space has a large open plan area, a kitchen, toilet and a small courtyard garden to the year. This superb opportunity will suit an astute investor looking for an income generating opportunity or suit someone wishing to run a business with incorporated living quarters.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Location:
Situated on the corner of Hemdean Road which is off Church Street opposite Caversham Precinct and Oxford Street which runs between Hemdean Road and Prospect Street. Set in the heart of Caversham with an excellent range of shops, bars and restaurants and within walking distance of the River Thames and Reading train station. Caversham lies north bank of the River Thames, just two miles from Reading and the mainline train station. It’s easily accessible by the Caversham Bridge, Reading Bridge and Caversham Lock with Sonning Bridge a few miles east. The centre of Caversham features a shopping area including a Waitrose complemented by many good bars, pubs and restaurants. The local area has some fine schools including Thameside Primary School,
Highdown Secondary School, Queen Anne’s Caversham, Shiplake College, Reading Bluecoat and Reading School. The M4 is an easy drive away and reading train station has fast connections to London in under 25 minutes.