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020 7866 8625 5 Bolton Street London W1J 8BA
www.montagu-evans.co.uk
On the instruction of:
LAND ON COW LANE, READING, RG1 8NA
ALL ENQUIRIES – FOR SALE / TO LET Approximately 1.36 Acres (0.55 Hectares) adjacent to Safestore
Suitable for a number of alternative commercial uses, subject to planning.
Conditional or unconditional offers invited for either a freehold or leasehold interest.
Red line above marking out site is indicative only.
COW LANE, RG1 8NA
Montagu Evans LLP for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set as a general outline only for the guidance of intending purchasers or lessees and do not constitute the whole or any part of an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith but without any responsibility whatsoever and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) neither Montagu Evans LLP nor its employers has any authority to make or give any representation or warranties whatsoever in relation to this property; (iv) unless otherwise stated all prices and rents are quoted exclusive of VAT, and intending purchasers or lessees must satisfy themselves independently as to the applicable VAT position.
LOCATION & DESCRIPTION The site consists of a parcel of land extending to approximately 1.36 acres, located to the west of Reading town centre and approximately 0.5 miles west of Reading station.
The site forms a broadly triangular plot, bordered by the Safestore Reading branch to the north and the Reading railway lines to the south. Directly east is Cow Lane, providing access to Caversham, Central Reading and Oxford Road. The site is broadly level and is currently laid to a hard concrete standing. The boundaries comprise steep embankments with mature vegetation which will be reduced on vacation by Network Rail. LAND OWNERSHIP The site is currently in the freehold ownership of Safestore Properties Limited. Network Rail are due to vacate by 1st April 2019 who are responsible for re-routing the road network for two-way vehicular and HGV access, and new bell-mouths entrances to the site. PLANNING The site lies under the jurisdiction of Reading Borough Council. The site is suitable for a range of different uses, subject to the receipt of the relevant planning permissions.
We advise all interested parties to make their own investigations directly to the Local Authority, although we do have a planning brief prepared as general guidance. There are no extant planning permissions on the site. CURRENT USE The site is currently occupied by Network Rail as they complete the adjacent enabling improvement works to Cow Lane. This upgrade will provide a two way signalled vehicular, pedestrian and cycle route between Caversham (Richfield Av.) and West Reading (Portman Road) via Cow Lane through the heart of Reading’s industrial and trade parks thus improving HGV and general access. VAT The property is not elected for VAT. TERMS OF SALE & TENURE Offers are invited on both a freehold and a leasehold basis. First stage written expressions of interest (EOI’s) and indicative bids (IB’s) to be received by no later than 12 noon Friday 21st December 2018. FURTHER INFORMATION Further details are available from Montagu Evans. Interested parties should contact the sole agents: Gerry Gillingham Partner, Retail & Leisure DD: 020 7312 7497 Email: [email protected] Evan Corcoran Surveyor, Retail & Leisure DD: 020 7866 7619 Email: [email protected]
COW LANE, RG1 8NA
Montagu Evans LLP for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set as a general outline only for the guidance of intending purchasers or lessees and do not constitute the whole or any part of an offer or contract: (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith but without any responsibility whatsoever and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) neither Montagu Evans LLP nor its employers has any authority to make or give any representation or warranties whatsoever in relation to this property; (iv) unless otherwise stated all prices and rents are quoted exclusive of VAT, and intending purchasers or lessees must satisfy themselves independently as to the applicable VAT position.
