for sale - amazon s3 · for sale. t: 0118 921 1515 w: haslams.co.uk. photograph for information...
TRANSCRIPT
NEW INSTRUCTION
FOR SALE
T: 0118 921 1515 W: haslams.co.uk
Photograph For Information Purposes Only. Not To ScalePhotograph for Information Purposes Only. Not to Scale
WOODLANDS FARMWood Lane Barkham RG41 4TS
TYPE OPEN AND COMMERCIAL STORAGE SITE, PART RESIDENTIAL
TENURE FREEHOLD
SIZE 1.41 HECTARES(3.5 ACRES)
OFFERS IN EXCESS OF
£2 million (open yard & units only)£2.75 million (entire site, incl. resi)
Open and commercial storage use site
with a residential dwelling
Residential and commercial elements available
separately or together
Certificate of Lawful Use established
Income producing
Potential for redevelopment, STPP
Less than 4.5 miles from J11 of the M4 Motorway
Only Unconditional offers sought
KEY POINTS
Location
The site is located in a semi-rural location, accessed from Wood Lane, just off the B3349 approximately0.7 miles from the centre of Arborfield Cross and 4.4 miles from Junction 11 of the M4 at Reading. TheB3349 becomes the A327 at Arborfield, which runs through Shinfield and onto Reading.
We would refer you to the location plan below for further information.
Plan For Information Purposes Only. Not To Scale
Description
The site is used by the current owner and his tenants for residential, commercial and personal storage
uses. The near perfect rectangular and level site contains 27 storage units and a large open yard across
most of the site. A detached bungalow with gardens, detached double garage annexe and mobile home
for residential use also exists on part. 11 of the storage units are let on formal, ‘contracted-out’ leases, the
others are within the owner’s control, some of which are disused and require refurbishment. Several
storage containers exist on site, all of which are controlled by the owner. All storage containers owned
by the vendor will be included in the sale, subject to final sale price. The residential area is separated
from the yard and units with both parts of the site having secure gated entrances. Both could, however,
be combined in a more open configuration to allow for the more convenient circulation of larger
commercial vehicles, if desired by a future commercial owner occupier.
The site currently produces a rental income of £136,740 pa with opportunities to increase this.
The site offers an incoming party shared occupation with the existing tenants, with the ability to obtain
vacant possession of the whole site from as early as the 26th February 2021, if desired. The owner will
vacate his demised parts upon completion with no onward chain.
The site therefore offers prospective purchasers an immediate income-generating investment with the
potential for further growth; and/or a site ideal for owner occupier storage; and/or perhaps future
commercial or residential redevelopment, subject to planning. The open storage yard and units are also
available separately from the residential element. See the plan on page 6 for indicative site split.
Title Information
The freehold is spread over the following three Titles, the documents for which are available upon
request: Title No: BK352856, BK352857, BK357267.
Planning
The site has a certificate of lawful use for general and vehicle storage across the units and open yard and
residential use for the Farm bungalow and garage/annexe. A certificate of lawful use could also be
obtained for the mobile home given its duration in situ. Certificate details available upon request.
The site is situated within Flood Zone 1. The owner has been involved with the site for 43 years and has
advised that the site has never flooded in this time. The site is on the edge of a defined settlement and is
not within a conservation area, area of natural outstanding beauty or green belt. None of the buildings
are listed.
The owners have not explored the possibility of redevelopment, nor undertaken any contamination
reports. Any planning related queries should be directed to the Local Planning Authority Wokingham
Borough Council.
Business Rates
Interested parties should enquire with the local rating authority Wokingham Borough Council.
Tenure
The property will be sold freehold, as seen, without conditions, as a Transfer Of Going Concern.
VAT
The site is not currently elected for VAT.
Services
We are advised that mains electricity, water and drainage services are available for connection to the
property. However, prospective purchasers are advised to make their own independent enquiries of the
individual authorities to verify the capacity and availability of such services.
Energy Performance Asset Rating
The Woodlands Farm bungalow’s current Energy Performance Certificate shows a rating of E:42.
Method of Sale
The site’s freehold interest is offered for sale by way of informal, non-binding tender with the vendor
reserving the right not to accept the highest or any offer and also reserving the right to withdraw the site
from sale or to vary the method of sale at any time without notice.
The site is offered in whole with unconditional offers invited only. The site is to be sold as seen, as a
Transfer Of Going Concern. Conditional offers including full vacant possession are not of interest.
Unconditional Offers
If an unconditional offer is accepted, completion is to take place within four weeks of exchange of
contracts with 10% payable on exchange and the full balance of the purchase price payable immediately
upon completion of the sale.
All offers should state whether they are submitted with or without Board approval and whether they are
dependent on Bank or similar finance being available with confirmation or proof of funding.
All offers should be marked “Woodlands Farm, Wood Lane – Offer to Purchase” and addressed to:
Mr Harry BevinsHaslams Surveyors LLPCounty House17 Friar StreetReadingBerkshireRG1 1DB
Legal Costs
Each party to pay their own legal costs with the purchaser’s solicitor upon agreement of Heads of Terms,
providing a wholly unconditional undertaking for Vendor’s legal costs prior to exchange of contracts. This
payment will be deducted form the 10% deposit due on Exchange of Contracts. If for any reason the
proposed transaction becomes abortive during the Exclusivity Period the Vendor will retain this payment.
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MISREPRESENTATION ACT 1967 The particulars are believed to be correct, but accuracy cannot be guaranteed and they are expressly excluded from any contract.Haslams Surveyors LLP County House 17 Friar Street Reading RG1 1DB
Harry Bevins
0118 921 [email protected]
Viewing and All Other Enquiries
All enquiries should be directed to the vendor’s agents.
Misrepresentation Act 1967 – Haslams give notice that:1. These particulars do not constitute any part of an offer or contract.2. None of the statements contained in these particulars are to be relied on as statements or representations of fact; intendingparties must satisfy themselves as to the correctness of each of these statements.3. Haslams and their clients have no authority to make or give any representation or warranty in relation to the property.Finance Act 1989 – Unless otherwise stated, all prices and rents are quoted exclusive of VAT.Consumer Protection from Unfair Trading Regulations 2008 – These details are believed to be correct as at April 2020 but may be subject to subsequent amendment. Any plans or drawings are indicative and for guidance only.
Particulars Published: April 2020
Flood Zone Map
Access
Entrance to Wood Lane from the B3349 Wood Lane Westbound towards B3349
Wood Lane Eastbound towards the open yard entrance Woodlands Farm residential entrance
Woodlands Farm storage yard entrance Driveway view leading to Wood Lane from the Farm bungalow
View from Eastern rear boundary looking across open yard View of second internal gates looking into rear open yard and units
Indicative external image of storage units Indicative internal image of a storage unit
View from towards rear boundary looking onto yard and units View inside yard looking towards rear boundary
Storage Yard & Units
The bungalow’s front gardens looking towards Wood Lane The bungalow’s drive and front gardens
The bungalow’s double garage/annexe The mobile home
View from the front boundary looking onto the bungalow, front side garden, garage and mobile home yard and units
View from the back of the bungalow’s rear side garden onto the bungalow and rear garden
Residential element of the site
Storage yard continued and storage containers
Area of storage containers in front left quadrant showing second yard gates
Area of storage containers in front left quadrant of yard
Front left quadrant of yard approaching yard gates and storage containers