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 1517harrybevins@haslams.co.uk

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