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Land
Key information
Property description & features
- Land for sale
- Lot 2 - 0.060 hectares (0.149 acres)
- Sought-after University area location
- Lot 1 with planning permission for detached house
- Lots 2 & 3 are both garden plots
- Closing date for offers: 12pm on 21.04.22
Lot 1 - Discover this very rare and exciting opportunity to purchase a prime site with the benefit of planning permission for a bespoke property that has been designed with the very best of entertainment and family life in mind. Located in the sought after University area of Reading this proposed property exudes quality and space, with a total floor area of 339.04 sq.m (3,649 sq.ft) Gross Internal Area.
Whilst first impressions are suitably impressive, the wow-factor does not stop at the front door but rather it continues as you explore the extensive ground floor layout (199.01 sq.m). Walk past your large private office (40.82 sq.m) and the property opens-up into the bright open-plan living space that leads onto the kitchen and dining area (46.21 sq.m) that are reminiscent of a premium restaurant or boutique hotel. Bathed in light, this is the perfect place to entertain and it is here that the outdoors and indoor flow together as you step out from your kitchen and onto your beautiful terrace.
If relaxation is what you need, then relax in the sunken living area (17.59 sq.m) and read a book over a coffee or retreat completely in the snug / media room (25.79 sq.m). On the upper floors, there are 5 stunning double bedrooms: three of which have ensuites.
To the west and south of the consented plot are two further plots. These may be used as garden for the principal property but they may also have development potential subject to the usual consents.
The separate Lots are as follows:
Lot 1 (Upper Redlands Road - House Plot): 0.113 hectares (0.278 acres).
Lot 2 (Redlands Road - Garden Plot): 0.060 hectares (0.149 acres).
Lot 3 (New Road - Garden Plot): 0.039 hectares (0.096) acres.
Total: 0.212 hectares (0.523 acres).
The enclosed Ordnance Survey plan shows the position of Lots 1-3.
Location
The site lies in a prime residential location on the south side of the highly desirable Upper Redlands Road, approximately 60 metres to the west of its junction with New Road, within the sought-after University Area of Reading in the county of Berkshire.
The Royal Berkshire Hospital and the University of Readings Whiteknights and London Road Campuses both lie within easy walking distance from the site.
Reading town centre with its multiple facilities lies approximately 1 mile to the north-west, whilst Junction 11 of the M4 Motorway lies approximately 3 miles to the south-west.
Reading Railway Station lies approximately 1.5 miles to the north-west which provides direct services to London Waterloo and London Paddington.
From May 2023 the £14.8bn Crossrail service will be departing from Reading twice hourly, providing direct services through the city of London to Shinfield, with Bond Street accessible in under one hour.
Crossrail will deliver cutting edge, high-capacity trains which will help reduce overcrowding at peak times and provide a cleaner, more environmentally friendly rail service into central London.
We would refer you to the location plan below for further information.
Planning Permission
The site was granted planning permission on 10th December 2021 for Erection of single detached dwelling house with associated access, parking and landscaping pursuant to planning application reference no. 210308.
All relevant planning application documents and drawings are contained within the Technical Information Pack for the site which is available to interested parties upon request.
The copyright to those documents and drawings will be assigned to the purchaser of Lot 1 upon completion of the sale.
Planning Contributions
The planning permission is subject to a S106 Legal Agreement dated 2nd December 2021 which contains an obligation on the site owner to pay the following financial contributions to Reading Borough Council upon occupation of the new dwelling:
An affordable housing contribution of £68,333 (index-linked from December 2021).
The Councils legal fees of £1,760.
A monitoring fee of £400.
Implementation of the sites planning permission would also incur a Community Infrastructure Levy (CIL) charge of £40,684.80 (index-linked from January 2015). Note: Self-builders could claim for exemption from paying the CIL charge.
Tenure
The site will be sold freehold (Land Registry title no.s BK436953 and BK436879) with full vacant possession given on completion of the sale.
Services
We understand that mains electricity, drainage, gas, water and broadband services are available for connection in the vicinity of the site. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.
Method of Sale
The sites freehold interest is offered for sale as a whole or as individual lots 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.
All offers should include the following details:
The amount(s) offered for Lot 1, Lot 2, Lot 3 or a combination of the Lots.
Details of any further information required or investigations to be carried out prior to exchange, including anticipated timescales for carrying out proposed works;
Provide details of how you propose to fund the purchase with proof of available funds.
Provide any other information that you feel should be taken into consideration in the assessment of your bid.
Written Offers for the site are invited by 12 Noon on Thursday 21st April 2022
Please contact Mike Shearn to find out how to submit your offer:
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VAT
The site is not elected for VAT and VAT will not be payable on the purchase price(s).
Technical Information Pack
A copy of the Technical Information Pack is available to interested parties upon request.
The Information Pack includes:
1.Planning Decision Notice
2.S106 Agreement
3.Drawings and Plans
4.Topographical Survey
5.Ground Condition Survey
6.CGIs
Viewings
Block viewings of the property will be held at the following times:
10.00am on Wednesday 30th March 2022
10.00am on Wednesday 6th April 2022
10.00am on Wednesday 13th April 2022
10.00am on Wednesday 20th April 2022
Please note that parties must not enter the property without our prior authority and any inspection of the property is at the prospective purchasers risk.
Enquiries
For any enquiries, please contact Mike Shearn from Haslams Estate Agents:
159 Friar Street,
Reading,
Berkshire,
RG1 1HE
Telephone:[use Contact Agent Button]
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