6/6A Broad Street Wokingham Berkshire RG40 1AB

6/6A Broad Street
Wokingham
Berkshire
RG40 1AB

Freehold Retail and Residential Investment

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
Sold
Price
£1,200,000
Auction Venue
Live Streamed Auction
On Behalf of a Charity

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Freehold Retail and Residential Investment

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 Sold
Price £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

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.