Recently Renewed Lease until 2033 (subject to option)
Includes Retail Unit and Self Contained 2 Bedroom Flat
Central Location in Affluent Market Town Opposite New Retail and Residential Development
Neighbouring Occupiers include Boots, Gail's Bakery, Costa Coffee, Greggs and Waitrose
Lot 14
Auction 18th May 2023
Rent £31,600 per Annum Exclusive
Status Sold
Price £460,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles south-east of Reading, 19 mile north-east of Basingstoke, 38 miles west of Central London
Roads
A329, M3, M4
Rail
Wokingham Rail Station
Air
London Heathrow
Situation
Wokingham is an affluent London commuter town situated south of the M4 motorway and some 8 miles south of Reading . The property is situated in the heart of Wokingham town on the north side of Rose Street close to its junction with Broad Street.
Waitrose Supermarket is situated immediately behind the property and directly opposite is the new award winning Peach Place regeneration development including new retail, restaurants and recently developed residential apartments and townhouses. Nearby occupiers include Boots, Gail's Bakery, Costa Coffee and Greggs.
Tenure
Freehold.
Location
Miles
8 miles south-east of Reading, 19 mile north-east of Basingstoke, 38 miles west of Central London
Roads
A329, M3, M4
Rail
Wokingham Rail Station
Air
London Heathrow
Situation
Wokingham is an affluent London commuter town situated south of the M4 motorway and some 8 miles south of Reading . The property is situated in the heart of Wokingham town on the north side of Rose Street close to its junction with Broad Street.
Waitrose Supermarket is situated immediately behind the property and directly opposite is the new award winning Peach Place regeneration development including new retail, restaurants and recently developed residential apartments and townhouses. Nearby occupiers include Boots, Gail's Bakery, Costa Coffee and Greggs.
Tenure
Freehold.
Description
The property comprises an attractive building with a ground floor retail unit and self contained 2 bedroom flat on the first floor. The property also benefits from parking for one car.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an attractive building with a ground floor retail unit and self contained 2 bedroom flat on the first floor. The property also benefits from parking for one car.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas sq m (1)
Floor Areas sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground First
Retail Residential
91.50 2 bedroom flat
(985) -
RUBY ROSE BEAUTY LIMITED (CRN: 08511504) (2)
10 years from 13/01/2023 (3)
£31,600
13/01/2028 (12/01/2033)
Total Approximate Commercial Floor Area
91.50
(985)
£31,600
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/497055165) (2) Ruby Rose Beauty Limited were incorporated in 2013 (3) The lease provides for a tenant option to determine the lease on 12/01/2028
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
