Industrial for sale in Denmark Street, Wokingham RG40

From £1,250,000 (£298.47/sq. ft)
Industrial for sale 4,188 sq. ft*
Interested in this property? Call +44 1344 527658 * or Request Details

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Property description

Key Points

  • Charming Period Property
  • Close to Denmark Street Car Park
  • Waking Distance to Train Station
  • Affluent Market Town
  • Description

    This charming period property offers an excellent mixed use investment opportunity. 37-39 Denmark Street is a Grade II listed brick and timber building, let to Heirs of Sanpa Spanish restaurant. It benefits from a large modern kitchen extension, outside store and secluded courtyard for al fresco dining. 41 and 41a Denmark Street comprises a brick built property that lies within the conservation are but is not listed. 41 is let to Denmark Street Barbers Ltd. 41a is a large 2 double bedroom apartment with separate access.

    Location

    The property is very well located close to the centre of the affluent market town of Wokingham. It faces the main entrance to the busy Denmark Street car park, just a couple of minutes walk from the Market Place and a short walk from the railway station that serves Reading and London Waterloo.

    Terms

    Available Freehold, subject to existing leases.

    Rental Income

    37-39 Denmark Street - Let to Heirs of Sanpa Limited until July 2025 at a passing rent of £50,000 per annum. Upward only rent review to market value in June 2020.
    41 Denmark Street - Let to Denmark Street Barbers Ltd until May 2026, with a tenant break option in May 2021 at a passing rent of £25,000 per annum. Upward only Rent Review to market value in May 2021.
    41a Denmark Street - Let on an Assured Shorthold Tenancy at a rent of £975 per calendar month.

    EPC

    37- 41 Denmark Street Band E - 116
    41a Denmark Street Band D – 65

    Legal Costs

    Each party will be responsible for paying their own legal fees.

    VAT

    All figures quoted are exclusive of VAT which may be chargeable.

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    Page Hardy Harris Ltd, RG12 on +44 1344 527658 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Page Hardy Harris Ltd, and do not constitute property particulars. Please contact Page Hardy Harris Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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