Two Grade II Freehold Office Buildings with a large car park at the rear. The property has potential for alternative uses (STP)
The properties are situated on the northern side of King’s Road to which the site has a total frontage of about 32 meters and a total depth of about 70 meters.
This part of King’s Road is a one way street and forms one of the main roads from Reading Town Centre. Good communication and transport facilities are available and the property is situated in a mixed commercial and residential location.
Reading is approximately 30 miles west of London Heathrow and is predominately a service sector economy.
The premises comprise two Grade II Listed office buildings planned on lower ground, ground and three upper floors. The buildings are linked by a two storey structure but are not connected internally. The external walls are of stone work with No. 177 featuring a curved frontage incorporating Doric columns under a mansard and slate covered roof. Nos. 173-175 were substantially reconstructed approximately 30 years ago. The building is of similar construction of No. 177 but is a double fronted structure with a mansard slated roof.
At the rear of the site there is a car parking area for approximately 38 cars and it is accessed from a private sloping driveway off Orts Road.
A Resolution to Grant planning on 173-175 King's Road was issued for the conversion of the Grade II Listed B1 office building to provide 13 private residential units and 15 car parking spaces. The application has been withdrawn by the Receivers in view of the restrictive covenant on the car park.
177 King’s Road is currently an office and has a B1 Use Class.
There is a TPO on a mature tree in the car park.
There is a restrictive covenant on the car parking area that it shall not be used for parking of cars between the hours of 8pm and 8am.
Freehold held under several Titles and subject to a long leasehold interest on a car parking space in the rear car park. This is registered to an ajoining flat owner in Alexandra House.
Strictly through appointments with the sole agents, Davis Brown on selected viewing days.
BASIS OF OFFERS
Offers are invited in excess of £1.5million. The property IS NOT elected for VAT. An Information Pack is available upon request.
Our clients may consider selling the whole or in separate lots.
Davis Brown for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers, or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but 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; (iii) no person in the employment of Davis Brown or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices quoted are exclusive of VAT (if chargeable)
SUBJECT TO CONTRACT