Investment For Sale By Public Auction (unless previously sold)

Kentwood Hill, Tilehurst, Reading - £225,000



  • Investment
  • In need of considerable improvement
  • Close to the Junction of Kentwood Hill and Oxford Road
  • Retail/residential unit

FOR SALE BY TIMED AUCTION!!

In need of considerable improvement and with scope for capital appreciation by way of creating a new independent front access to the first-floor accommodation - other properties in this Parade have been adapted accordingly.

 

DESCRIPTION/LOCATION: A mid terraced two storey property with brickwork elevations although on the ground floor replaced with a shop all beneath a tiled roof. On this occasion the brickwork has been painted – other Units in the terrace include some painted and some natural brickwork. In need of considerable expenditure and with real potential to enhance the value – other properties have been extended on the ground floor into the garden. Also, some have created an independent first floor by reducing the shop frontage and creating a new private doorway at the front to independent first floor accommodation.


Currently there are four rooms and a bathroom on the first floor, although the fourth room measures 8’8 x 5’10 max. On the ground floor the retail area at the front leads to a storeroom and beyond there are two/three rooms. There is a middle room that could be used as a dining room where the current staircase leads to the first floor. Beyond is the kitchen and to one side the lounge, which has been extended. Beyond the lounge but inaccessible at the present time is a covered area leading to outbuildings and an overgrown garden. There is a detached building at the end of garden. The conveyance confirms vehicular access on either side of the eight units and across the rear. It will be immediately noted that the rear access has been obstructed, through lack of maintenance.


Other Units in the Parade include a Fish & Chip Shop, Takeaway including Italian pizza and fried chicken and a Village Pizza Shop. There is also a double Unit occupied by Tilehurst Store/Costcutter, one Unit occupied by a Dentist and the other by Industrial Air Limited.


There is some forecourt parking.


Close to the junction of Kentwood Hill and Oxford Road (A329) and less than half a mile from Tilehurst railway station with car park, immediately beyond the railway line is the Thames Path and River Thames. Kentwood Hill is approximately midway between Reading town centre to the east and the delightful Thameside Village of Pangbourne to the west.  The nearest junction to the M4 motorway is Junction 12. This is a densely populated residential area also supporting a nearby Waitrose.


On the First Floor:


Front Left: 12’3 x 10’1.


Front Right: 13’1 x 10’6.


Back Right: 15’7 x 10’7.


Back Left: 8’8 x 5’10 max.


Bathroom: with bathroom adjoining the landing with door leading to toilet beyond. Landing.


On the Ground Floor:


Retail: 21’ wide x 14’9 deep with central doorway, window displays on either side.


Storeroom: 9’3 x 4’6 –immediately behind the shop. 


Leading to:


Middle Room: 15’3 x 7’9 with staircase to first floor.


Kitchen: 10’10 x 10’2 with door to garden.


Reception Room extended 19’4 x 9’ max.


NB: Other properties have been considerably extended into the garden area. There are already some outbuildings including one fronting the roadway at the rear.


Rateable Value: The property is described as Shop & Premises and the rateable value £5,900 – this relates just to the ground floor.


Council Tax: The first-floor accommodation is assessed in Council Tax Band B.  


EPC: There is a non-residential Energy Performance Certificate with the property assessed with Energy Rating Band E. The floor area is described as 133’ square metres. The Certificate is valid until 7th May 2022.


Tenure: Freehold with vacant possession upon completion of the purchase.


FOR SALE BY PUBLIC AUCTION (unless previously sold)


This will be a timed Auction – further details shortly


Viewing: Strictly by appointment with the Owner’s Sole Agents & Auctioneers. Saturday 4th December and Wednesday 15th December 2021 For further information and appointment to view contact Sarah Watson on 0118 978 0777 or by email wokingham@martinpole.co.uk



The Solicitors: Field, Seymour Parkes LLP, 1 London Road, Reading. RG1 4PN. Contact: Jemini Gova  Email: jemini.gova@fsp-law.com Tel: 0118 951 6200



Martin & Pole Estate Agents

To discuss this property please call us on

0118 978 0777

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