4 Rose Street Wokingham Berkshire RG40 1XU

4 Rose Street
Wokingham
Berkshire
RG40 1XU

Freehold Retail and Residential Investment

Entirely let to Ruby Rose Beauty Limited
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
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Entirely let to Ruby Rose Beauty Limited
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

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.