savills.co.uk

■ Central location, near to University

■ Circa 1.95 acres

■ Grade II Listed building, circa 13,000 sq ft, configured as 5 x apartments and 5 x bedsits

■ 15 x houses and 2 x apartments within the grounds

■ Freehold for sale

Allcroft Road, Reading, Berks, RG1 5DJ

Investment/Development OpportunityHillside House and Hillside Court

For Sale

LocationAllcroft Road is located approximately 1 miles to the south of Reading Train Station, which provides journey times to central London from 26 minutes.

The University of Reading’s London Road and Whiteknights Campuses are located nearby to the north and south respectively, with the Royal Berkshire Hospital and Reading College also in close proximity.

Reading is a strategic regional town in the Thames Valley / M4 corridor with a population of circa 200,000 people. The town is located about 40 miles west of London and has strong links to the capital via rail and road.

ConnectivityThe property benefits from good road access to the A33 (leading to the M4), the junction for which is located approximately 3 miles away. Heathrow Airport is located circa 27 miles along the M4, with regular bus services from Reading Rail Station with a travel time of approximately 38 minutes to Terminal 5.

Local bus services operate on the nearby London Road, with the number 20A bus serving both Reading town centre and the rail station.

Network Rail has commenced an £850 million upgrade and enhancement

programme at Reading station that will improve train speeds, increase capacity and reduce delays. The work will add five new platforms and two new station entrances. The full project is scheduled to be completed in the summer of 2015.

A new £500 million Western rail access to Heathrow, which will pass through Reading, has Government support and could be operational by 2021.

In addition to the excellent existing rail links, passengers at Reading station will be able to connect to the new Crossrail line via Maidenhead when it opens in 2018. There have also been discussions to extend Crossrail services from Maidenhead to Reading.

DescriptionHillside House is a listed building dating from the late 19th Century, set within circa 1.95 acres, with a single main entrance located on Allcroft Road, and additional entrances located on Allcroft Road and Lower Mount.

Hillside House is a three storey building with basement section, of grey brick construction with red brick and terracotta dressing, with slate roofing. Circa 22 car parking spaces are provided on hard standing to the east of the building. The property has been converted into 5 self

contained flats and 5 bedsit rooms with shared facilities. The Gross Internal area of the building is approximately 13,175 sq ft.

A number of buildings, known as Hillside Court, constructed circa 1980 are located to the west of the main House. The buildings are of brick construction with concrete tile roofing. The buildings comprise 15 terraced houses and 2 apartments, arranged in four blocks.

The schedule of accommodation is as follows:

Hillside House

Floor No Description Bedroom

Ground 19 Studio n/a

Ground 20 Flat 1

First 21 Studio n/a

First 22 Flat 1

First 23 Flat 1

Second 24 Bedsit n/a

Second 25 Bedsit n/a

Second 26 Bedsit n/a

Second 27 Bedsit n/a

Second 28 Bedsit n/a

TCB

Sutton Walk

ALLCROFT ROAD

LOW

ER M

OU

NT

LANCASTER

THE M

OU

NT

WH

ITBY

DR

IVE

CLOSE

SUTH

ERLA

ND

S AV

ENU

E

Sub StaEl

48

WhiteGables

1

9

18

24

1

14

20

17

15 14

Hill Side

1

1a

12

The Cottage

12

48a

5

75

54

7

46

8 3

12

Hill Side

2

House

14

1

36

6

6

11

12

6

59.5m

58

27

Oakfield

Hall

22

35

65

8

25

46

59

Clinic

1 to

6

15

0m 25m 50m 75m

Ordnance Survey © Crown Copyright 2013. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.

We have been advised that the approximate Internal Area of Hillside House is 13,175 sq ft,

Hillside Court

Block No Description Bed- rooms

GIA (sq ft)

1 1 Flat 2 1,044

2 Flat 2 1,044

3 House 7 2,088

4 House 7 2,088

5 House 7 2,088

2 6 House 7 2,088

7 House 7 2,088

8 House 7 2,088

9 House 7 2,088

3 10 House 8 2,088

11 House 8 2,088

12 House 8 2,088

14 House 8 2,088

4 15 House 7 2,088

16 House 7 2,088

17 House 7 2,088

18 House 7 2,088

33,408

Existing floor plans of both Hillside House and Hillside Court are available within the supporting information pack.

PlanningHillside House is a Grade II Listed Building; a copy of the English Heritage Listing is included within the supporting information pack.

We are advised by the Local Planning Authority that consent was granted to use the house as a student hostel following an application submitted in 1949. We are also advised that a planning application for the erection of student accommodation comprising 15 residential student units and 2 flats was granted in 1979. Further information is available within the supporting information pack.

Please note that the property falls with a Conservation Area, although there are no specific Tree Preservation Orders associated with the property. An informal Planning Appraisal produced by Savills Planning, setting out key policy constraints and opportunities is included within the supporting information pack.

OccupationThe flats and bedsits within Hillside House and the houses and flats within Hillside Court are occupied by a number of residents holding either Assured Shorthold or Holiday Let tenancies. A full schedule is available within the supporting information pack.

GeneralPlease note that the Gross Internal Area figures have been provided by the vendor. Savills cannot be held liable for their accuracy. We recommend that interested parties satisfy themselves of the internal areas.

LegalThe property is owned freehold by the vendor, and the property is offered with the benefit of the existing tenancies. A copy of the Land Registry title extract and plan is available within the supporting information pack

ServicesResponses to enquiries from the statutory providers are available within the supplementary information pack.

Purchasers are advised to make their own enquiries with the supply companies in respect of their specific requirements.

ViewingsPlease see the covering letter for viewing details.

Please note that Savills do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

OffersThe vendor will not be obliged to accept the highest or any other offer. Please refer to the covering letter for supporting information required with any offer.

Information PackAccess to a detailed and comprehensive online information pack is available at www.savills.com/hillsidehousereading. The pack includes information relating to planning, legal and technical matters, including Energy Performance Certificates.

Local AuthorityReading Borough Council: Civic Centre, Reading, RG1 7AE, 0118 937 3797, www.reading.gov.uk

Ordnance Survey © Crown Copyright 2013. All rights reserved. Licence number 100022432. Plotted Scale - 1:25000

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.

savills.co.uk

Important Notice

Savills, their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Savills ReadingHawker HouseNapier CourtNapier RoadReading, RG1 8BW

M Davis+44 (0) 118 952 0500mdavis@savills.com

© Collins Bartholomew Limited 2013. All rights reserved. Plotted Scale - 1:250000

NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited.