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Lot 31
57 The Broadway, Thatcham, Berkshire RG19 3HP

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6 Week completion

SITUATION

Located opposite the junction with High Street and within the heart of the town centre being amongst such multiple retailers as The Co-Operative Food, Costa Coffee, Lloyds Bank, McColls and Barclays. In addition, there is a large public car park at the rear leading to a Waitrose and the Kingsland Shopping Centre.
Thatcham lies some 15 miles west of Reading and 30 miles east of Swindon with good road links to the M4 (Junction 13).

PROPERTY

A Grade II Listed end of terrace building comprising a Ground Floor Shop with Basement plus internal access to a 3 Bedroom Flat on part ground, first and second floors. In addition, the property includes a 74' Rear Garden plus a Garage.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 22'10"
Internal Width 20'7"
Shop Depth 23'11"
Built Depth 46'10"
Shop NIA Approx. 640 sq ft
Basement - Not inspected
Part Ground, First and Second Floor Flat
3 Bedrooms, Living Room, Kitchen, Bathroom/WC
GIA Approx. 1,020 sq ft
Garage Area Approx. 200 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on an internal repairing and insuring lease (50% contribution towards the structure excluding the roof) to
T. Ahmed & S. Ahmed as a Newsagent for a term of 15 years from 1st February 2017 (In occupation since 2002) at a current rent of £15,000 per annum exclusive.

Rent Reviews and Tenant's Breaks 2020 and 3 yearly.

Note: There is a £5,000 Rent Deposit held.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.