* Freehold
**Key Points**
* For sale with retail tenant on ground floor
* Vacant first floor with planning consent for residential conversion
* Detached unit on 0. 26 acres of land
* Gated yard
* Ample parking/circulation space
**Description**
The current arrangement provides a large ground floor self - contained retail
premises with a traditional glazed shop frontage with a further separate side
entrance directly accessed from the main parking area. The retail unit is
occupied by The Pet Barn Ltd on a new five - year lease, having been in
occupation since 2005.
The first and second floor accommodation has planning consent for one two -
bedroom flat with self contained access.
The property benefits from a large amount of external space wrapping from the
front elevation round to the retail unit's side elevation car park onto a yard
area to the rear of the building.
- The property benefits from the balance of the existing lease before commencement of a new 5 - year Fri lease from 15th November 2023 with The Pet Barn Ltd.
- The passing rent of £26, 000 pa exclusive equates to £14. 51 per sq. Ft.
- The lease is drafted outside of 'The Act' and therefore does not have the benefit of the security of tenure provisions of The Landlord and Tenant Act 1954.
**Location**
Southlea House lies within the village of Peppard Common which lies roughly 5
miles to the north of Reading and approximately 4 miles to the south - west of
Henley - on - Thames. It is situated on the north side of Blounts Court Road just
to the east of it's junction with the B481 Peppard Road. The larger village of
Sonning Common, that offers a good selection of everyday shopping facilities,
can be found approximately 1/2 mile to the south.
**Business Rates**
Rateable Value: £8, 000
**Terms**
The property is offered for sale freehold, as seen with the current ground
floor tenancy in situ. The guide price is £550, 000 exclusive reflecting a Net
Initial Yield of approximately 4. 5% (assuming purchasers costs of 5. 13%). The
vendor is seeking an overage provision to be paid on the site if the property
obtains wider redevelopment consent. Terms of which to be negotiated.
**Legal Costs And VAT**
Each party to bear their own legal costs.
We understand the property is elected for VAT.
**Viewing & Further Information**
Please contact the sole agents for further information or an appointment to
view.

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