Units 1 & 2, Wesley Gate, Reading, Berkshire, RG1 4AP Freehold Office With Prior Approval For Residential Conversion 6,410 sq. ft.
Description: A unique opportunity to purchase the freehold of a 3 Storey Office building based in the heart of Reading. The property benefits from Prior Approval for conversion to 15x1 bed apartments. The Reading Borough Council reference number is 181321. There is a good precedence set, subject to obtaining planning consent, for adding an additional floor to the property, with the neighbouring buildings on both sides having been granted planning to do so. Constructed in 1989 as a development of four separate units, the building consists of standard specification offices constructed over ground and two upper floors. The offices benefit from suspended ceilings with recessed fluorescent lighting, raised floors, double glazed metal framed windows and gas fired central heating. Key Features: Freehold opportunity Excellent town centre location Prior Approval for 15x1 bed apartments already in place. Potential to add further floor, subject to planning 17 car parking spaces Schedule of areas: Description ft 2 m 2 Ground Floor 2,145 199.3 First Floor 2,156 200.3 Second Floor 2,109 195.9 Total Floor Area 6,410 595.5
Location OFFICE LOCATION Location: Town Centre Location. Excellent proximity to Local Amenities such as the Oracle Shopping Centre and High Street. 10-minute walk to Reading Train Station. London Paddington in 31 minutes Fronts the A329. Only 1 mile to the A329(M).
Terms The freehold of 1 & 2 Wesley Gate is available. Offers in Excess of 1,850,000 are invited. Details of the bid process can be obtained by contacting Patrick Pringle at Vail Williams on 07789 966 740. Business Rates We are advised by the Valuation Office Agency website (www.voa.gov.uk) that the rateable value of the property is as follows: - 1, Wesley Gate, Queens Road, Reading, RG1 4AP RV: 47,250 2, Wesley Gate, Queens Road, Reading, RG1 4AP RV: 51,500 However, we would advise an interested party to confirm the accuracy of this information. EPC Rating 1, Wesley Gate: Energy Performance Rating: C-51 Certificate Reference No: 0719-3072-0583-0190-9001 2, Wesley Gate: Energy Performance Rating: D-77 Certificate Reference No: 9020-2070-0378-6920-3024 Legal Costs Each party to be responsible for their own legal costs incurred in this transaction. Services Vail Williams LLP has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Viewing Strictly by appointment through the sole agents below. Contacts Patrick Pringle Vail Williams LLP T: +44 (0) 07789 966740 E: ppringle@vailwilliams.com Miles Collison Vail Williams LLP T: +44 (0)07393 235709 E: mcollison@vailwilliams.com Subject to Contract Date: November 2018 Misrepresentation act 1967 Vail Williams for themselves and for the vendors or lessors of this property, whose agents they are, give notice that: 1. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract. 2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment of Vail Williams has any authority to make any representation or warranty whatsoever in relation to this property. Finance Act 1989 Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T.). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of V.A.T. in respect of any transaction.