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Shop With 1st Floor Living Accommodation , 42 Station Road, Wokingham, RG40 2AE

1,721 Sq Ft / Retail / Investment

For Sale - £500,000.00

Available - Last updated: 11 July 2019

Premises comprise detached shop property with the benefit of A5 takeaway use, food preparation and extensive ancillary storage areas together with the benefit of rear access off Wellington Road. There is a good size flat above which is separately accessed and providing originally two bedroom accommodation which has been now adapted to provide four bedrooms, kitchen and WC.

Location

The premises are prominently located in Station Road, Wokingham close to the entrance of Wokingham railway station.

Wokingham is an attractive, historic market town which has undergone extensive regeneration in recent years with enhanced retail and local facilities.

Wokingham is strategically located in the centre of the Thames Valley being in close proximity of the M4 (Junction 10) with direct access via the A329(M). Frequent train services are available to Reading (8 minutes) with connections to London Paddington. In addition there are direct trains from Wokingham to Waterloo.

Accommodation

Retail Area - 509 sq ft (47.3 sq m)

Kitchen - 169 sq ft (15.7 sq m)

Potato Store - 180 sq ft (16.7 sq m)

Further Stores - 125 sq ft (11.6 sq m)

Office - 123 sq ft (11.4 sq m)

Warehousing Space - 615 sq ft (57 sq m) 

TOTAL - 1,721 sq ft (159.7 sq m)

1st Floor Residential Accommodation

Currently arranged as:

Bedroom 1

Bedroom 2

Bedroom 3

Bedroom 4

Kitchen

Bathroom and WC

Terms

Terms - Freehold is available subject to an existing lease for an original term of 15 years from 12th July 2011 at a current rental of £25,100 per annum exclusive subject to indexation at 2% each year and subject to open market rent reviews every five years.

Offers are invited for the freehold interest subject to the existing lease at a figure in the order of £500,000.

Legal Costs/VAT - Each party to bear their own professional and legal costs.

We understand VAT will not be levied on the sale.

Energy Performance Rating - D-87 

Specification

  • Well located opposite Wokingham train station
  • A5 takeaway consent
  • Self-contained flat
  • Potential for enhancement to rear warehousing area (STP)
  • Indexed rent and open market reviews
  • Rear access

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Invited in the region of For Sale Freehold £500,000.00 NA

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Contact agents

David Pearce

Kempton Carr Croft

01628 260433



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