Old Row Court Rose Street Wokingham Berkshire RG40 1XU

Old Row Court
Rose Street
Wokingham
Berkshire
RG40 1XU

Substantial Freehold Mixed-Use Investment

Comprises a Large Office Suite, Two Retail Units and a Car Park for Approximately 16 Cars
Let to Reider Connection Limited, H20 Limited and Zyxel Communications (UK) Limited
Approximately 679.50sq m (7,,315 sq ft)
Potential for Residential Development (subject to consents)
Central Location in Affluent London Commuter Town
Nearby Occupiers include Waitrose, Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an Eclectic Mix of Local Retailers

Lot
15
Auction
7th November 2024
Rent
£169,800 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Substantial Freehold Mixed-Use Investment

Comprises a Large Office Suite, Two Retail Units and a Car Park for Approximately 16 Cars
Let to Reider Connection Limited, H20 Limited and Zyxel Communications (UK) Limited
Approximately 679.50sq m (7,,315 sq ft)
Potential for Residential Development (subject to consents)
Central Location in Affluent London Commuter Town
Nearby Occupiers include Waitrose, Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an Eclectic Mix of Local Retailers

Lot 15
Auction 7th November 2024
Rent £169,800 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles south-east of Reading, 19 miles 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 east 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 development including new retail, restaurants and recently developed residential apartments and townhouses. Nearby occupiers include Pizza Express, Boots, Gail's Bakery, Costa Coffee, Clarks, Greggs and an eclectic mix of local retailers.

Tenure

Freehold.

Location

Miles: 8 miles south-east of Reading, 19 miles 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 a modern mixed-use building with 2 ground floor retail units and a self contained office suite on the first and second floors.

The property also benefits from a car park to the north east with parking for approximately 16 cars.

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

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

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
1 Old Row Court and Car Parking Space	Ground	Retail	109.97	(1,184)	REIDER CONNECTION LIMITED (CRN: 14985375)	10 years from 02/01/2024 (2)	£30,000	02/01/2029 (01/01/2034)
5 Old Row Court and Car Parking Space	Ground	Retail	96.20	(1,036)	H20 (HAIR TO ORDER -WOKINGHAM) LIMITED (CRN: 04906236)	10 years from 13/01/2023 (3)	£41,000	13/01/2028 (12/01/2033)
2 Old Row Court and Car parking Spaces	Ground (part) First Second	- Office Office	- 241.71 231.62	- (2,602) (2,493)	ZYXEL COMMUNICATIONS UK LIMITED (CRN: 05061338)	5 years from 29/09/2024	£98,800	(28/09/2029)
Total Approximate Floor Area			679.50-	(7,315)			£169,800

(1) The above floor areas have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) The lease provides for a tenants option to determine the lease on 01/01/2029
(3) The lease provides for a tenants 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.