House For Sale £1,595,000
An interesting opportunity to acquire a mixed use scheme overlooking the River Thames in a central Caversham address and within walking distance of the mainline station. This building comprises 5 residential flats, a single storey dwelling and a two-storey commercial premises with riverside frontage and mooring.
Description - A unique and interesting speculative opportunity with direct river Thames frontage. The site is ideally positioned with easy access to both Caversham and the centre of Reading with mainline train station. With the right changes and relevant consents we believe the property would make for a very interesting investment opportunity and possible house of multiple occupation.
Commercial - Commercial
The ground and lower ground floors used as a restaurant and night club comprise a total floor area of approximately 3,241 (301 sq m) sq ft. The restaurant and nightclub have the the benefit of a 10 year full repairing lease granted to Persia House Ltd from 18th July 2018 to 17th July 2028 at a rent of £40,000 per annum exclusive. The lease is subject to an upward only rent review to an open market rent on 18th July 2023. The repairing covenant is subject to a photographic schedule of condition which is annexed to the lease. The lease is NOT excluded from the security of tenure provisions of the Landlord and Tenant Act 1954 (as amended).
Commercial EPC
EPC Rating of D96
Business Rates
The commercial element of the property has a rateable value of £75,250.
Dataroom
Further information including a copy of the lease and title is available on request via our commercial team. Please contact Neil Seager of Haslams Chartered Surveyors [use Contact Agent Button] or[use Contact Agent Button]
VAT
We understand the property is registered for VAT. As a result, we would expect the sale to be dealt with by way of a transfer of a going concern (TOGC). Applicants should make their own enquires.
For further information please see link below;
Assured Shorthold Tenancy - The five flats are currently let on assured shorthold tenancies and produce a combined monthly rental of £3,900.
The single-storey dwelling is un-occupied and once refurbished we would expect to achieve a monthly rental of £1600.
Access - There is no vehicular access and pedestrian access to the residential units are via the passageway from Bridge Street. The commercial units has direct access from Bridge Street.
Epc's - Please find EPC's in link below
Description - A unique and interesting speculative opportunity with direct river Thames frontage. The site is ideally positioned with easy access to both Caversham and the centre of Reading with mainline train station. With the right changes and relevant consents we believe the property would make for a very interesting investment opportunity and possible house of multiple occupation.
Commercial - Commercial
The ground and lower ground floors used as a restaurant and night club comprise a total floor area of approximately 3,241 (301 sq m) sq ft. The restaurant and nightclub have the the benefit of a 10 year full repairing lease granted to Persia House Ltd from 18th July 2018 to 17th July 2028 at a rent of £40,000 per annum exclusive. The lease is subject to an upward only rent review to an open market rent on 18th July 2023. The repairing covenant is subject to a photographic schedule of condition which is annexed to the lease. The lease is NOT excluded from the security of tenure provisions of the Landlord and Tenant Act 1954 (as amended).
Commercial EPC
EPC Rating of D96
Business Rates
The commercial element of the property has a rateable value of £75,250.
Dataroom
Further information including a copy of the lease and title is available on request via our commercial team. Please contact Neil Seager of Haslams Chartered Surveyors [use Contact Agent Button] or[use Contact Agent Button]
VAT
We understand the property is registered for VAT. As a result, we would expect the sale to be dealt with by way of a transfer of a going concern (TOGC). Applicants should make their own enquires.
For further information please see link below;
Assured Shorthold Tenancy - The five flats are currently let on assured shorthold tenancies and produce a combined monthly rental of £3,900.
The single-storey dwelling is un-occupied and once refurbished we would expect to achieve a monthly rental of £1600.
Access - There is no vehicular access and pedestrian access to the residential units are via the passageway from Bridge Street. The commercial units has direct access from Bridge Street.
Epc's - Please find EPC's in link below
