From
£335,000
Property for saleHigh Street, Hungerford RG17
Auction
About this property
Investment let at £18,125
P.a.
Planning permission approved for 2 dwellings on the upper floors (a two bed and three bed flat)
Located in the affluent and prosperous town of Hungerford.
An Approx. 3,709 sq ft (344.58 sqm)
Nearby occupiers include Royal Mail, Inklings, Coffee Number 1, Co-op and Tesco
Let to Boots UK limited - current tenant has been in occupation since 1995
There are no cil contributions or any other planning conditions to approved planning
The vendor has received email confirmation from Boots that they intend to renew the lease on a reduced demise. New lease plan in key documents
No VAT
Strapline
Auction Sale - 19/03/2024
Of interest to investors and developers
An end of terrace property comprising of a ground floor commercial unit let to Boots UK Limited with approved planning permission for 2 dwellings ( a two bed & three bed flat) on 1st & 2nd floor. Located in an affluent and prosperous town of Hungerford.
Investment let at £18,125 p.a.
Description
The property comprises of a three storey, brick built building in the heart of Hungerford High Street. With ground floor retail space, first and second floor ancillary space. Previously the first and second floors would have been living accommodations.
The retail premises are open plan and include air conditioning, strip lighting, and vinyl flooring. There is a goods' lift serving the ground and first floors of the property.
The first floor is accessible from either the High Street leading through a doorway to an external metal staircase or from the rear of the shop via a timber staircase to a long corridor leading into the same first floor space. The first floor currently includes a staff room to the front, a separate staff area/changing area behind, two WC's and a rear room currently partly used as a stockholding area for the retail property. The second floor is only accessed via the external metal staircase which has been unused for a number of years.
The property has approved planning permission to convert the upper floors into 2 dwellings
Proposed accommodation
First Floor - 3 Bedroom flat an approx. 796 sq ft (74 sqm)
Second Floor - 2 Bedroom Flat an approx. 731 sq ft (68 sqm)
There are current discussions with the tenant which would release all of the area required for the residential conversion (planning granted) by implementing the approved storage area extension on the rear 1st floor flat roof
There is approved planning permission for an extension of the 1st floor to provide additional commercial floor space and WC accommodation for the existing tenant.
Location
The property occupies a prominent location at the heart of Hungerford high street. Nearby occupiers include Royal Mail, Inklings, Coffee Number 1, Co-op and Tesco.
Hungerford Station is an approx. 0.2 miles from the property
Transport
Hungerford Station - National rail services
Tenancy
Please refer to Accommodation/Tenancy schedule
Accommodation
Please refer to Accommodation/Tenancy schedule
Planning
West Berkshire Council
Planning ref 23/01175/pacou
Description Application to determine if prior approval is required for a proposed: Prior Notification requirement under Part G of the gpdo for the change of use of the upper two floors from ancillary retail space (Class E) to form 2 apartments.
Planning ref: 23/02837/ful
Description: Retention (with materials modification) and extension of first floor rear for use as commercial storage
Auction Sale - 19/03/2024
Of interest to investors and developers
An end of terrace property comprising of a ground floor commercial unit let to Boots UK Limited with approved planning permission for 2 dwellings ( a two bed & three bed flat) on 1st & 2nd floor. Located in an affluent and prosperous town of Hungerford.
Investment let at £18,125 p.a.
Description
The property comprises of a three storey, brick built building in the heart of Hungerford High Street. With ground floor retail space, first and second floor ancillary space. Previously the first and second floors would have been living accommodations.
The retail premises are open plan and include air conditioning, strip lighting, and vinyl flooring. There is a goods' lift serving the ground and first floors of the property.
The first floor is accessible from either the High Street leading through a doorway to an external metal staircase or from the rear of the shop via a timber staircase to a long corridor leading into the same first floor space. The first floor currently includes a staff room to the front, a separate staff area/changing area behind, two WC's and a rear room currently partly used as a stockholding area for the retail property. The second floor is only accessed via the external metal staircase which has been unused for a number of years.
The property has approved planning permission to convert the upper floors into 2 dwellings
Proposed accommodation
First Floor - 3 Bedroom flat an approx. 796 sq ft (74 sqm)
Second Floor - 2 Bedroom Flat an approx. 731 sq ft (68 sqm)
There are current discussions with the tenant which would release all of the area required for the residential conversion (planning granted) by implementing the approved storage area extension on the rear 1st floor flat roof
There is approved planning permission for an extension of the 1st floor to provide additional commercial floor space and WC accommodation for the existing tenant.
Location
The property occupies a prominent location at the heart of Hungerford high street. Nearby occupiers include Royal Mail, Inklings, Coffee Number 1, Co-op and Tesco.
Hungerford Station is an approx. 0.2 miles from the property
Transport
Hungerford Station - National rail services
Tenancy
Please refer to Accommodation/Tenancy schedule
Accommodation
Please refer to Accommodation/Tenancy schedule
Planning
West Berkshire Council
Planning ref 23/01175/pacou
Description Application to determine if prior approval is required for a proposed: Prior Notification requirement under Part G of the gpdo for the change of use of the upper two floors from ancillary retail space (Class E) to form 2 apartments.
Planning ref: 23/02837/ful
Description: Retention (with materials modification) and extension of first floor rear for use as commercial storage
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