Comprises two ground floor shops and four flats - all let
Shops let in 2021 and 2023
Four large two bed flats above accessed from front let on AST's
Totalling 393.11 sq m (4,321 sq ft)
Affluent Berkshire town
Nearby occupiers include Waitrose, Pizza Express, Cote, Nandos, Boots and Costa Coffee
VAT-free investment
In the same ownership for over 20 years
Lot 6
Auction 13th February 2025
Rent £102,720 per Annum Exclusive
Status Available
Guide* £1,200,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
On Behalf of a Charity
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 Railway Station
Air
London Heathrow Airport
Situation
The property is situated on the south side of Broad Street in the heart of the town centre, close to Wokingham Town Hall and opposite Peach Place Plaza, a new development including retail, restaurants and residential apartments and townhouses. Nearby occupiers include Waitrose, Pizza Express, Cote, Nandos, Boots and Costa Coffee.
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 Railway Station
Air
London Heathrow Airport
Situation
The property is situated on the south side of Broad Street in the heart of the town centre, close to Wokingham Town Hall and opposite Peach Place Plaza, a new development including retail, restaurants and residential apartments and townhouses. Nearby occupiers include Waitrose, Pizza Express, Cote, Nandos, Boots and Costa Coffee.
Tenure
Freehold.
Description
The property comprises two ground floor shops with four separately accessed two bed flats on the first and second floors, accessed from the front.
VAT
VAT is not 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 two ground floor shops with four separately accessed two bed flats on the first and second floors, accessed from the front.
VAT
VAT is not 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 Approx sq m (1)
Floor Areas Approx (sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground
Retail
71.73
(772)
INDIVIDUAL t/a Wokingham Local (2)
5 years from 09/08/2023
£30,000 Rising to £32,000 on 09/08/2026
Ground
Retail
37.50
(403)
INDIVIDUAL t/a The Wild Card
5 years from 24/12/2021
£15,000
Flat 1
Residential - 2 bed flat
71.99
(775)
INDIVIDUALS
AST until 03/03/2025
£13,800
Flat 2
Residential - 2 bed flat
69.11
(744)
INDIVIDUALS
AST until 07/08/2025
£15,120
Flat 3
Residential - 2 bed flat
70.26
(756)
INDIVIDUALS
AST until 16/01/2026
£15,000
Flat 4
Residential - 2 bed flat
72.52
(781)
INDIVIDUALS
AST until 21/11/2026
£13,800
Total
393.11
(4,231)
£102,720
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (ww.voa.gov.uk). (2) The vendor holds a £15,000 rent deposit for the duration of the lease.
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.
