FOR SALE!! Freehold Investment in the heart of Wokingham Town Centre. Existing business not affected.
About 330 sq ft including toilet and storeroom
1 car parking space
Lease Term: 9 years from 22nd November 2019 (outside of “The Act”)
Current rent - £10,000 per annum
DESCRIPTION/LOCATION: The property is situated in a pedestrian thoroughfare linking Broad Street/Rectory Road/Rose Street and Waitrose. There are other commercial units on this pedestrian thoroughfare including Sedero Lounge and several retail units fronting the pedestrianised area leading to Rose Street. This is a building of great character with a good passing footfall.
LEASE: A copy of the lease will be available for prospective buyers. The current term ends on 21st November 2028. There is a signed Memorandum reflecting an agreement to no rent review in November 2022 but there is an outstanding rent review for November 2025.
GUIDE PRICE: £150,000 (One Hundred and Fifty Thousand Pounds)
VAT: The property is not subject to VAT
SERVICES: Mains water, gas, electricity and drainage are connected.
RATEABLE VALUE: £6,600
Energy Performance: 73C Certificate valid until 22nd January 2033
Predicted Broadband: Highest available download 80Mbps and upload 20 Mbps
The property is registered on the VOA website with the postcode RG40 1AU. Small Business Rates Relief may be available meaning there is no liability on an occupier to pay rates.
LEGAL FEES: Each party to be responsible for their own legal fees.
VIEWING: There is an existing business in occupation. A prospective buyer may choose to briefly inspect the property as a customer of that shop or seek a formal appointment when we will accompany.
IMPORTANT NOTE: We have endeavoured diligently to ensure the details of this property are accurate. We have not tested the services, appliances or fittings (if any) referred to in the details. We recommend that each of the statements is verified and the condition of the property and of the services, appliances and fittings (if any) is investigated by you or your advisers before you finalise your offer or enter into a contractual commitment.