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 Available
Guide* £2,000,000
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
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.
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
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.
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.
